Maame is a petty trader. She sells cooking utensils, shoes, and children's wear at Efutu. She has been selling cooking utensils for the past six years now. She is married to a mason and has one child. She uses her income to assist her husband in paying their accomodation bills. Maame will use her loan to purchase more cooking utensils, shoes, and children's wear for sale. With the new profit she plans reinvest to increase her capital.
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.