Nana A. sells cocoyam and plantain at Takoradi. Nana has no educational background. She is married with a child. Her husband sells wood. Nana has been selling cocoyam and plantain for some time now. She supports her husband in paying school fees and utility bills. Her loan will be used to buy more cocoyam and plantain to sell and to distribute to the market women. She hopes to reinvest the profit she is going to get as a result of the loan into her business.
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.