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Faustina
Faustina C. is a single parent and has 2 children. She has never received schooling. Faustina sells foodstuffs in Cape Coast, which she has done since 2008. Faustina uses her income to pay for her children's education. Faustina will use the loan to purchase more foodstuffs for sale. With the new profits from her expanded business, Faustina plans to acquire a piece of land to gradually build a house for her children.

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.

About Ghana

  • $3,500
    Average annual income
  • 33
    View loans »
    Ghana Loans Fundraising
  • $11,572,300
    Funds lent in using Kiva
  • 1.1
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Faustina to purchase more foodstuffs for sale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 18, 2008
Listed
Sep 4, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009