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Veronica
Veronica J. has been selling bags of rice, flour, and other foodstuffs at Asebu on the Cape Coast since 2000. Veronica has received a primary education, is married, and has 3 children. Her husband is a driver. She is responsible for paying the utility bills and her children's school fees. Her loan will be used to buy more bags of rice and flour for resale. She hopes to use the new profits from her business to assist her husband in building a family house.

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

  • $2,643
    Average annual income
  • 14
    View loans »
    Ghana Loans Fundraising
  • $10,998,925
    Funds lent in using Kiva
  • 1.1
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Veronica to buy more bags of rice and flour for resale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 20, 2008
Listed
Sep 6, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009