Adjoa sells coat (a local meat used in stews and a variety of rice dishes). Adjoa sells coat in Bremawg near Abura, where she lives with her husband and six children. Her husband is a driver in the area. Adjoa has received no formal education. Adjoa has been selling coat for sometime now. She is responsible for assisting her husband with the general expenses of their family. Her loan will be used to buy more coat to sell. She hopes to use the new profits from her business to increase her capital base to be able to buy more coat.
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.