Manaan sells doughnuts, spring rolls and local drinks at Elmina. The picture shows Manaan in the process of making spring rolls. She has four children. Her husband repairs electronic equipment. She responsibly supports her husband in advancing the well-being of their household. Her loan will be used to buy flour, cooking oil and sugar to make doughnuts and spring rolls for sale. She hopes to save the new profits from her business in order to open a snack bar.
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.