Aba A. sells 'gari' (quick-cooking cassava grits) in small and large quantity at Elmina. She is divorced and has five dependents. She has been selling 'gari' for seven years. She is responsible for the upkeep of her dependents.
Demand for her goods is increasing, and she is requesting the loan to buy additional bags of 'gari' for sale and distribution to her customers. She anticipates using the new profit from her business to buy a plot of land.
Aba is pouring out some of the 'gari' into a bowl.
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.