Gladys M. is married to a carpenter and has 3 children. She walks around the docks, in a small fishing village just outside of Cape Coast, selling cassava dough. Cassava dough is mixed with corn dough to prepare a popular Ghanaian dish called “banku”. She is requesting $525 to buy cassava dough in bulk so she can get a discount from the wholesaler.
Gladys is also a member of a lending group called “Nkor Ma Ahoto Traders”, which consists of 11 members in Cape Coast, Ghana.
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.