Abenawa A. is married and has six dependents. She operates a provisions shop and as well cooks banku at Elmina for sale. Banku is a local dish made from corn dough and served hot with soup. She is married to a farmer. Together they feed, clothe, and educate her dependents.
Her customers are demanding more items from her shop and so she is requesting a loan to meet their needs; she will use the loan to buy more provisions for sale. With the new profits from her expanded business, Abenawa plans to open another shop.
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.