Ama is married and has six children. She has received schooling through Junior High School. Ama sells fried fish in Brenu Akyimu, near Elmina, which she has done for the past eight years. Her husband is a farmer. Ama uses her income to pay her children's school fees.
Ama will use the loan to purchase fresh fish to fry for sale. With the new profits, Ama plans to continue to grow her business, so she can send all of her children to school.
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.