Maame is married and has one child. She has no formal education. Maame sells provisions and cooking ingredients in Bremawg near Abura, which she has done for some time now. Maame uses her income to pay for her child’s school fees and to help support her husband with their family’s utility bills. Maame will use the loan to purchase more provisions and food ingredients for sale. With the profits from her expanded business, Maame plans to grow and improve her provision and food supply shop.
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.