Nana Jenet Ama A. sells palm oil at Abrafo, near the town of Abura. She first purchases the palm fruit, then boils it (as shown in the photograph) before extracting the oil. The final product is then sold. She has finished senior high school and has been selling palm oil for four years.
Nana has eight children and is married to a driver. Her income helps pay for household expenses. To provide a meaningful education for her eight children, Nana needs to improve her earnings. She will use the loan to expand her business: she plans to purchase more palm fruit to extract larger quantities of oil for resale. The additional profits will be saved up for education fees for her children.
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.