Ama is a food vendor. She cooks banku (a dish made from corn dough) and serves it with okra soup and fish under a tree at Nkrotrodo near Elmina. She is married and has 3 children. Her husband is a carpenter. She supports her partner to educate, feed and clothe her children. Her loan will be used to purchase bags of maize, vegetables, fish and other ingredients to cook her banku for sale. She hopes to use the new profits from her business to mount a stall in which she can sell 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.