Yaa sells beverages in Effia Kumah, near Takoradi. She has received schooling through the secondary school level. She is married and has four children. Her husband is a driver. Yaa is responsible for earning money to support her husband, in paying the electric bills and their children's school fees.
Yaa has been selling beverages for the past eight years. Her loan will be used to purchase an increased variety and quantity of beverages for resale. She hopes to use the new profits from her business, to expand her 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.