Abena lives with her husband and their 7 children in Batanya near Cape Coast. Her husband is a farmer. Abena is a fishmonger who buys fresh fish from the market and smokes them for sale. She has been in this business for 10 years. She uses her income to support her husband in paying their children’s school fees. Abena wants to buy fish in larger quantities so she needs a loan from Kiva to help her purchase the amount of fish she wants and her customers demand. With the new profit she will expand her fish selling 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.