One challenge that Madam C. faces is that she always runs out of drinks because she has to make an advance payment before she receives the shipment from her suppliers. Her suppliers include the Coca Cola company of Ghana and the Ghana Breweries.
She is therefore asking for a loan of US $1,000 to enable her to buy more crates of minerals (Malta Guinness, Coca Cola, Fanta, and Sprite) to fill her drinking spot attached to her chop bar.
Important Information About CRANPlease 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.
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Success!! The loan was 100% repaid