Mama lives at Adum Banso with her husband, a driver, and their four childern. Mama operates a breakfast joint. The breakfast she prepares are oats, milo, and coffee. She serves it with bread and fried eggs. She has done this for eight years now. Mama will use her loan to purchase more bread, eggs, oats, milo, and coffee for the preparation of her breakfast dishes. With the new profit, Mama plans to expand her breakfast joint.
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.