Adjoa N. sells oil made from the kernels of the palm fruit in Abrafo near Abura.
Adjoa has a junior high school education. She is married and has five children. Her husband is a security officer.
Adjoa has been selling palm-kernel oil for the past three years. She is responsible for paying for groceries and other utilities. She also supports her husband in paying the school fees for their children.
Her loan will be used to buy a larger amount of the palm-fruit kernels needed to prepare the oil. Her hope is to create a larger and more consistent income. She hopes to use the new profits from her business to make sure her children receive the best education possible. She is also aiming for further expansion of her business and will therefore reinvest some of the money she makes back into it.
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.