Adjoa A. sells palm oil, palm kernel oil and fresh fish at Eguafo near Elmina. Elmina is a fishing community in Cape Coast.
She has been in this trade for five years. Married to a farmer, she has four children. Her income contributes to their children’s school fees and the household utility bills.
Adjoa wishes to grow her fish business, and her loan will be used to buy more fresh fish to sell. She hopes to use the new profits from her business to save up for a meaningful education 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.