Ama A. makes a living by selling accessories and sundries in a village called Ntranoa, near the town of Elmina. She has been in this business for 10 years and she sells a collection of items, as shown in the photograph, such as hair clips, buttons and hair bands.
To expand her business and income, she needs the loan to purchase more items for sale. At the moment, she carries her wares around to sell. With her increased profits, she plans to save up to build her own shop someday.
Ama is married to a mason and they have one child. Her income helps pay for their child’s education and also some of the household expenses.
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.