In the picture above, Atta has some fried donuts which she sells in the community of Dompoase near Elmina in Cape Coast. She is married and has two children. Her husband is a teacher.
Atta has been selling donuts for nine years. She assists her husband in providing for the basic needs of her family. Her loan will be used to buy flour, sugar, cooking oil, and other ingredients to fry donuts for sale. She wishes to use the new profits from her business to save towards the university education of 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.