Ekua Y. sells fish in Abrafo, at a village near Abura. Her husband is a farmer and they have five children. Her income from selling fish helps pay for the family’s utility bills and the children’s school fees. She has been selling fish for five years.
As shown in the photo, Ekua sells her fish by carrying it around the village and the market. She wants to grow her business. Her loan will be used to purchase more fish to sell to increase her income. Additional profits will be plowed back 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.