Mary operates a chop bar, where a variety of African dishes are sold. This she has done for four years. The foods she serves are fufu, banku and rice balls, with various sauces. She is married to a driver and has five children. Mary uses her income to support her husband, paying their children’s school fees. She will use her loan to purchase ingredients in larger quantity, for preparing foods for sale. With the new profit, Mary plans to acquire a better place for serving food to 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.