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Sarah
Sarah M. sells groceries like milk, Milo, and different kinds of canned products at Elmina. Sarah has received no education. She is a widow and has 5 children. She is responsible for paying the utility bills and her children's school fees. She plans to use the loan to buy more product to resell to increase her income. She hopes to use the increased profit from her business to improve her children's education.

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
  • 19
    View loans »
    Ghana Loans Fundraising
  • $11,215,975
    Funds lent in using Kiva
  • 1.1
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Sarah buy more products to sell in the grocery store to increase income.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 30, 2008
Listed
Sep 16, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009