Araba is married and has 2 children. She has received no formal education. Araba sells the traditional Ghanaian corn dough, kenkey, in Ayensudu near Elmina, and has done so for some time now. Her husband is a farmer. Araba uses her income to support her husband in paying their family's general living expenses. Araba will use the loan to purchase more corn to prepare her kenkey recipe. With the new profits from her expanded business, Araba plans to increase her capital base and secure her business now and in 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.