Ama is a fish monger in Eguafo near Elmina. She also sells fried fish and kenkey, an African dish made from maize. Ama has been in this business for five years now. She is married to a farmer and has six dependents. Ama uses her income to help her husband pay their utility bills. She will use her loan to purchase bags of maize for the preparation of her kenkey and to buy fish to fry and sell. With the new profit Ama wish 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.