Aba is the woman scooping soup from the pot. She operates a traditional African chop bar (where a variety of African dishes are sold). Aba has been a chop bar owner and operator for about 2 years now. Aba prepares traditional favorite dishes, including fufu, banku, meat soup, fish soup, and rice balls. She is married and has 4 children. Aba uses her income to support her husband in paying their children’s school fees. She will use her loan to purchase maize, cassava, meat, fish and other necessary ingredients to prepare her food for sale. With the new profit, Aba plans to expand her chop bar into a full fledged restaurant.
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.