Diana operates a chop bar (where a variety of African dishes are sold) in Abura. She has done this for some years now. The foods she serves are fufu (a starchy dumpling made from cassava, yam, plantain or rice that is eaten with soup or stew), banku (a dish made from corn dough and served hot with soup) and rice balls. She is married with 3 children.
Diana uses her income to support her husband to pay their children’s school fees. She will use her loan to purchase foodstuffs and other ingredient to prepare food for sale. With the new profit, Diana plans to get a better place to enable her to serve her customers.
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.