Fatima Ama sells banku (corn and cassava dough) in Ebubonko near Abura. She also sells a traditional okra stew that is a local favorite. She has received a middle-school education. She is married and has two children. Her husband is a driver in their community. Fatima Ama has been selling banku and okra stew for the past years. She is responsible for helping her husband to pay their family's general expenses. Her loan will be used to buy more corn and cassava to prepare her banku, as well as the ingredients needed for her stew. She hopes to use the new profits to expand her food-selling enterprise.
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.