Adjoa A. is married with 5 dependents and has received an education through elementary school. Since 1990 she has worked as a trader in Elmina, selling an assortment of goods such as gari (a couscous-like grain made from grated cassava), maize, and utensils. While Adjoa works as a trader, her husband is employed as a surveyor. Adjoa uses her income to help pay her family’s bills. She plans to use the loan to purchase additional gari and maize for resale. With the new profits from her expanded business, Adjoa plans to continue saving so that eventually she may be able to build a home for her family.
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.