Aba Y. has been selling cassava, an important source of carbohydrates in Ghana and many parts of the world, for 10 years now. Married with three children, she is from Kokowada near Elmina.
Her income pays for her children’s school fees and also for some of the utility bills. She wants to improve her earnings by growing her business and needs the loan to do so. The loan will be used to purchase more cassava to increase her sales.
Aba intends to reinvest the profits into her business for further expansion.
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.