Mina sells the rice and bean dish, gari, in Aburansa near Elmina. She also sells a variety of footwear in the markets in her community. Mina has received a middle school education. She is married and has six children. Her husband is a Ghanaian lotto operator. Mina has been selling gari and footwear for six years. She is responsible for helping to pay her family's general expenses. Her loan will be used to buy rice, beans and colored leaves for her gari dish as well as a greater quantity and variety of footwear for sale. She hopes to use the new profits from her business to develop her food and footwear sales and save for the future.
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.