For the past six years, Salifu H. has run a business preparing millet porridge to offer for sale at Akaa Kkrom near Abura. Her loan will be used to buy more bags of millet to store for future use, as prices of goods keep increasing. She hopes eventually to use the new profits from her business to buy a piece of land.
She is unmarried and has one child. As the sole breadwinner of the home, she provides for the needs of the family.
Salifu is shown in the picture with the millet she uses to make her porridge.
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.