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Hagar
After graduating Junior High School, Hagar decided to set up her own provision business, selling soap, sugar and tinned fish in Asafa (near Cape Coast). With over a year's worth of experience, she is currently looking to expand her enterprise further. Unfortunately, she is limited due to a lack of funding.

As a result, this loan will be used to help her to purchase more soap, sugar and tinned fish for resale. She aims at using the profits from her business to help support her husband (who is a farmer) with the upkeep of their house, while also ensuring that their future children are able to experience a better life.

Additional Information

Important Information About CRAN

Please note that Kiva considers loans to this Field Partner, CRAN, to be particularly HIGH RISK. This organization has had very serious delinquency problems brought about by problems with its credit methodology, local environmental shocks including a depletion of local fisheries in its core area of operation (Cape Coast and the Central Province), and insufficient follow up with late clients. Lenders to this business should be aware that there is an increased risk of not getting repaid on this loan due to the challenges facing the Field Partner.

CRAN's creditors - including Kiva - have entered into a new Restructuring Agreement (For more information, please see CRAN's Field Partner profile: http://www.kiva.org/partners/91 ). Kiva will extend its ongoing policy of allowing CRAN to continue to raise funds on the Kiva website. New funds raised will be used to make repayments on older CRAN loans via Kiva’s standard net billing process.

Tags

About Ghana

  • $3,500
    Average annual income
  • 23
    View loans »
    Ghana Loans Fundraising
  • $11,437,500
    Funds lent in using Kiva
  • 2.2
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Hagar to help her purchase more soap, sugar and tinned fish for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2013
Listed
Sep 23, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013