Aba operates this provisions store where she sells raw rice, sugar, and canned tomatoes, among other goods. Aba’s store is located in Asafora near Cape Coast. Aba is married and has eight children. Her husband is a farmer. She has been a provisions store owner and operator for several years now. She uses her income to help her husband with the general upkeep of their family.
Aba will use her loan to purchase larger bags of rice and sugar as well as a greater quantity of other provisions to sell. With the new profit, Aba plans to acquire a larger place to serve her customers.
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.