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Samuel
Samuel O. is single and has no children. He has received schooling through senior high. Samuel sells spare parts and also repairs electrical appliances at Akotobinsin near Elmina, a business he started not too long ago. Samuel uses his income to pay for rent, utility bills and other expenses. Samuel will use the loan to purchase more spare parts for sale and also to repair the electrical appliances to meet the increase in demand by his customers. With the new profits from his expanded business, Samuel plans to save towards the expansion of the business.

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
  • 40
    View loans »
    Ghana Loans Fundraising
  • $11,090,375
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Samuel to purchase more spare parts for sale and also for the repair of electrical appliances.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2009
Listed
Feb 14, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 24, 2009