Ekua cooks plain rice and serves it with tomato sauce, macroni, and fried fish, which she has done for 35 years. She is widow and has nine dependents. Ekua uses her earnings to pay her children’s school fees and other household expenses.
Ekua is showing some of the raw rice that she cooks for sale, but it's not enough. She needs a loan from Kiva to enable her to buy bags of rice, tomatoes, cooking oil, fish, and other items to prepare her food for sale. She anticipates reinvesting the new profit.
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.