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Clement A. is single and has no children. He has attended school through senior high. Clement melts metals and uses them to manufacture coal pots and locally made ovens. Coal pot is a of stove that burns charcoal as a fuel. He has done this work in Elmina, since 2004. Clement uses his income to pay for rent, utility bills and other financial expenses. Clement will use the loan to increase his purchase of scrap metal and tools which will enable him to expand production. With the new profits from his expanded business, Clement plans to reinvest back into his business to improve his profit and enable him meet his financial responsibilities.

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: ). 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
  • 42
    View loans »
    Ghana Loans Fundraising
  • $11,732,750
    Funds lent in using Kiva
  • 1.3
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Clement to increase the purchase of scrap metal and buy tools to expand production.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Dec 29, 2008
Jan 18, 2009
Currency Exchange Loss:
Aug 15, 2009