Cecilia cooks banku to sell, at Asebu, near Cape Coast. She serves her banku with sauce of fried fish and vegetables. Cecelia is married and has two children. She uses her income to assist her husband in the general upkeep of their household. Cecilia will use her loan to purchase maize for her banku, and fish and vegetables for her sauce. With the new profit, she wishes to establish a stall for the sale of her banku.
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.