Yaa is married and has one child. Her husband is a farmer. She operates a chop bar (a place where people come to eat different kinds of food) at Abura. In the photo above, she is standing by the bags of maize and cassava dough she uses to cook banku. She cooks food like banku and fufu (banku made from maize and cassava and plantain made by pounding together cooked cassava and plantain), rice bolls, etc. She wants to expand her business; a loan from Kiva will be invested to buy food items like bags of maize and cassava to cook to sell.
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.