Adowa sells yam, cassava and provisions at Nkabom-Aseke, near Takoradi. Adowa has received a junior high-school education. She is married and has four children with her husband, who is a contractor.
Adowa has been selling yam, cassava and provisions for the past four years. As part of her responsibilities, she helps in providing food for her family.
Her loan will be used to purchase yam tubers, cassava, plantain and other food items to sell. She hopes to use the new profits from her business 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.