Ama A. uses measuring cups to measure rice to sell. She also sells locally made soap and Fante kenkey at Elmina. Ama has received a junior high education. She is divorced and takes care of four children. Ama has been in this business for some time now. She takes care of her children using the income she makes from her sales. Her loan will be used to buy more bags of rice, local soap and Fante kenkey to sell. She hopes to use the new profits from her business to take care of her children.
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.