Nana is a food vender. She cooks plain rice and vegetable stew for sale. She has done this for three years. She lives together with her husband and two children at Benyadze near Cape Coast. She uses her income to assist her husband to pay their children’s school fees. Nana will use her loan to purchase bags of rice, fish and other ingredients to prepare her food to sell. She hopes to use the new profits from her business to create a place for her customers to eat.
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.