Ama W. is a very hard-working woman, striving to take care of her three children. She is divorced and does not get assistance from her ex-husband. To make sure her children get something to eat every day and can also go to school, she has two jobs. Besides selling food items, she cooks yams for sale. With the help of the money from the loan she would like to increase her stock to be able to serve more customers. She needs the income to secure the well-being of her family. (In the picture you can see Ama arranging her goods.)
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.