For some years now, Agnas has sold doughnuts and also produced palm kernel oil for sale at Asebu near Cape Coast. Agnas is married and has one child. Agnas uses her income to support her husband to feed and clothe their child. Agnas will use her loan to purchase bags of flour, sugar and cooking oil for her doughnuts and also to buy palm fruit and kernels to produce her palm kernel oil for sale. With the new profit, Agnas will buy a machine for the production of her palm kernel oil for sale.
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.