Akuwa-Die B. is single and has one child. She has no formal education. She sells groceries like Milo (malted milk), milk, gari (couscous-like grain made from grated cassava), sugar and so on at Aboadiwrom near Shama-kedzi. She has been in this business since 2007. Akuwa-Die uses her income to pay fees and utility bills. She will use this loan to buy more groceries to sell. With the new profits from her expanded business, Akuwa-Die plans to save towards her child’s education.
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.