For the past 6 years, Maame has been involved in production and sale of plam oil, which is often used in preparing okra soup, red-red, apaparansa and other Ghanaian dishes. She is married and currently taking care of six dependents. Her husband is a hunter. As part of her responsibility she feeds, clothes and educates her children. For some time, Maame has been longing to produce on a larger scale and a loan from kiva will help her make oil in larger quantities for resale. When an additional profit is realized, it will be reinvested back into her business for further growth.
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.