Aba is married to a farmer and has three children. For the past two years, she has run a grocery shop at Bereman, near Abura, where she sells milk, Milo, sugar, soup, different kinds of soft drinks, tinned tomatoes and fish, biscuits, toffees, powdered milk, and kenkey. Aba uses her income to support her husband in the general upkeep of their home.
Aba is requesting a loan to purchase a variety of grocery items to satisfy her customers. She will use her profit to expand her business.
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.