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Elizabeth
Elizabeth C. is a widow and has 3 children. She has received schooling through junior high. Elizabeth makes and sells variety of cooking oils at Mpoben in Elmina, which she has done since 1996. Elizabeth uses her income to pay for rent, utility bills, and other financial expenses.



Elizabeth will use the loan to increase her capital to buy more ingredients for the making of the cooking oil for sale. With the new profits from her expanded business, Elizabeth plans to reinvest back into the business to increase her profit margin so as to meet the financial needs of her family.

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
  • 5
    View loans »
    Ghana Loans Fundraising
  • $10,839,425
    Funds lent in using Kiva
  • 1.3
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Elizabeth to increase her capital to buy more ingredients for the making of the cooking oil.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 26, 2009
Listed
Jan 24, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 24, 2009