Fatima Y. is a "chop bar" operator; she prepares a variety of foods to sell. She is married and has four children. Her husband is a commercial driver. Some of the foods she prepares to sell are "fufu", which is prepared by pounding cooked cassava and plantain. She also sells other foods as requested by her customers. Fatima will use the loan she is able to obtain to expand her business. She will buy more foodstuffs to cook her food to sell. She will then use the profits she gets from her business to further her children’s education, and also help her husband to provide 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.