Assana is married and has six children. She has received some form of schooling until the end of middle school. Assana sells provisions in Abura, which she has done for some time now. Her husband is unemployed.
As the sole provider in the family, Assana uses her income to assist her husband in paying their family's expenses and saving for their children's futures. Assana will use the loan to purchase an increased quantity of provisions to sell. Therefore giving her customers more variety to choose from. With the new profits from her expanded business, Assana plans to develop her provisions shop further and meet her rising customers' demand.
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.