Ama M. is divorced and has 4 children. She has no formal education. Ama sells maize and also makes palm kennel oil for sale at Breman, near Elmina. Ama uses her income to pay school fees and other expenses for the children.
Ama will use the loan to purchase more maize and palm kennel nut for the production of the palm kennel oil. With the new profits from her expanded business, Ama plans to re-invest back into the palm kennel production business.
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.