Aba T. is a widow taking care of ten dependents. She is into multiple businesses, such as selling fish, clothes and making gari for sale. Gari is made from cassava. (In this picture, she is peeling the cassava to make the gari). She has been in this business for some time now and she wants to increase the quantity of gari she sells. She needs a loan to purchase more quantities of cassava to process into gari for sale. The additional income realized from the loan will be invested back into her business so she can take proper care of her dependents.
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.