Aba Yaa is a widow. She has nine dependents; they lives together at Jukwa near Abura.
Aba Yaa sells cooked yams. She serves her cooked yams with vegetable stew. This she has done for 10 years. As a single parent, she uses her income to feed, clothe, and pay her children's school fees.
Aba Yaa will use the loan to buy more tubers of yams and vegetables to prepare her food for sale. With the new profits from her expanded business, Aba Yaa plans to build a stall for the sale of her food.
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.