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Eric
Eric O. has sold shoes in Cape Coast since 1999. He is married with one child and has received his senior high school degree. His wife works as a trader.

He is responsible for paying rent, utilities, and other household necessities. Eric's loan will be used to buy more shoes to expand his business. He hopes to use the new profits from his business to buy land.

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
  • 22
    View loans »
    Ghana Loans Fundraising
  • $11,145,750
    Funds lent in using Kiva
  • 1.4
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Eric buy more shoes to expand his business.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2009
Listed
Mar 28, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 24, 2009