Aba is married and has six children. Her husband is a farmer. Aba has no formal education. She sells doughnuts in Bremawg near Abura, which she has done for several years now.
Aba uses her income to help her husband with the general upkeep of their family. Aba will use the loan to buy more flour, sugar and other necessary ingredients to make doughnuts for sale. With the new profits from her expanded business, Aba plans to invest money back into her doughnut making business, to expand and meet the community’s demand for her tasty treats.
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.