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Rita
Rita G. is married, and has three children. Her husband works as a trader. Rita sells a variety of bags, shoes and other footwear items at her own vending store. She began her own business in 2007, and has been working ever since. Rita contributes to the family budget, helps maintain expenses, and cares for the children. Rita is requesting a loan in order to increase the number of bags, shoes and other items she stocks to meet the increased demand from her customers. She hopes that this will help her business grow and increase her profits.

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
  • 6
    View loans »
    Ghana Loans Fundraising
  • $10,855,125
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Rita to expand her inventory in order to meet increased demand.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2009
Listed
Mar 22, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 24, 2009