Ama sells tubers of yams. She has displayed her yam for sale at the Jukwa Market near Abura. She has been in this business for 13 years now. Ama is married to a farmer and has 1 child. She uses her income to support her husband and to feed, clothe and pay school fees for her child.
Ama needs this loan to enable her to buy more tubers of yams to sell. With the new profits, Ama will 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.