Ekua N. is a single parent taking care of one child. She cooks yams for sale at Abura, which she has been doing for two years. Ekua uses her income to see to the well-being of the family. Ekua will use the loan to purchase extra yams and other ingredients to cook for resale. With the new profits from her expanded business, Ekua plans to add the cooking of other foods.
In her right hand she is showing a sample of the cooked cocoyam she sells.
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.