Obaa earns a living by running a grocery store in the town of Esuekyir. She has been in this line of work for six years and sells items such as milk, sugar, soups, different kinds of soft drinks, canned tomatoes and fish, biscuits and other items. She is married and the mother of two children, and uses her income to help her husband pay their bills. She is requesting a loan to buy a variety of grocery items sell. With the profit she earns, Obaa plans 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.