Afia K. is a market woman from Jukwa near Abura. She sells vegetables such as garden eggs (a kind of eggplant), okra, plantains and others. Over the past five years her business has been slowly growing but due to the lack of capital, Afia can’t make any great leaps forward. That’s why she is hoping for a loan to be able to boost her business by investing that money. She is planning to buy more goods and sell more as a result.
Afia is married to a farmer. Together they have four children. She already assists her husband with the money she makes with her business but her dream is a high school education for her children. With the new profits from her expanded business she will get closer to that dream.
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.