Ama Atta owns and operates a chop bar in Nkontrodo near Elmina. Ama Atta has received no formal education. She is divorced and has 3 children. Ama Atta has been running her chop bar for 2 years now. She is responsible for supporting herself and her children and paying all the families expenses alone. Her loan will be used to buy more supplies and ingredients necessary to run her chop bar restaurant. She hopes to use the new profits from her business to expand her chop bar operations and meet the needs of more 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.