For the past 10 years, Aba has been cooking food for sale. She cooks foods like jollof rice (rice cooked in tomato sauce), plain rice and wakye (rice and beans). She also sells palm oil.
She is married and has two children. Her husband is a security man. As part of her responsibilities, she helps to provide for the basic needs of her family.
Aba will use the loan to purchase more rice, tomatoes and other items to cook for sale. With the new profits from her expanded business, Aba plans build a better place where she can sell.
In this photograph, Aba is dishing out some of the cooked jollof.
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.