Adwoa is a petty trader who sells maize, provisions and soft drinks. In front of her is the maize she sells; she is getting it ready for the market. Adwoa has been in this business for four years now. She is married with six children and her husband works with the Ghana coco board. She uses her income to assist her husband for the upkeep of their children.
Adwoa will use her loan to purchase bags of maize, provisions and soft drinks to sell. With the new profit, she will 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.