Adjoa is a producer of both palm oil and kernel oil at Abrafo, a village near Abura. She has been through senior high school. She is married and has five dependents. Her husband is a farmer. She responsibly assists her husband in taking care of the family. Her loan will be used to buy additional palm fruits to expand her business. She hopes to reinvest her new profits. In this picture she is pouring the palm kernels into the nut cracking machine.
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.