Aba A. is divorced and has six dependents. Aba sells kenkey (a sourdough dumpling) and fish at Amoanda near Elmina, a fishing community in Cape Coast.
As a single parent, taking care of her dependents has been a little challenging. She needs a loan to increase the quantity of kenkey she can produce so that she can meet the needs of her family.
Aba plans to reinvest the increased profits from the expanded business back into the business.
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.