As you can see in the picture, Ekua S. sells yams. She does this at the market of Jukwa which is a community near Abura close to Cape Coast. Yams can be prepared in lots of different ways and are very common in Ghana. Ekua is divorced and takes care of her four children by herself. To do this she uses the income from her business.
Sometimes she struggles and wishes to have a more solid financial foundation. That’s why she would be very happy to boost her business with the help of a loan to increase her profit. In order to achieve this goal she is planning to buy more yams and thus sell more. She hopes to be able to take good care of her children with the newly earned profit.
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.