Aba is married and has 7 children. Her husband is a security man. She buys fresh fish from the market and comes home to fry them for resale at Kukwa. Some kenkey sellers, instead of buying fish to fry themselves, sometimes prefer to buy from people like her to sell with their kenkey. Some kenkey sellers also, because of the stress accompanied with frying of the fish, will to buy from someone like Aba.
Aba also wants to increase her sales by acquiring a loan of GHS 500 (Ghanian Cedi) to be able to meet the demands of her customers. Aba uses her income to assist her husband to feed the family. Aba will use the loan to purchase more fresh fish to fry and sell. With the new profits from her expanded business, Aba plans to invest in her children’s education.
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.