Memunatu sells food items such as salted fish, oil, soaps, rice, steel-wool and other items at Abura. Demand for her goods has started increasing and so she needs a loan of 1000 to buy more food items for resale. She is married and has three children. Her husband sells provisions. Memunatu has been trading for 4 years. She helps her husband in the general upkeep of the home. She hopes to use the new profits from her business to educate 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.