Yaa is single and has no children. She has received no formal education. She sells wakye in Bremawg, near Abura, which she has done for several years.
Wakye is a traditional rice dish in Ghana, made of rice, beans and red leaves; it is normally eaten with a spicy tomato salad, fish, or macaroni pasta.
Yaa uses her income to support herself and take care of her personal expenses. Yaa will use the loan to purchase more beans, rice and red leaves to use in preparing wakye to sell. With the new profits from her expanded business, Yaa plans to further expand her wakye making trade.
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.