Adwoa grew up in poverty without an education, but this has not stopped her from fulfilling her dream of achieving a better life for herself and her family.
Currently, Adwoa is an entrepreneur, working as a fishmonger and selling palm oil in Aburansa (near Cape Coast). Her business enterprise has grown substantially since she began two years ago. She uses the income from her business to help her husband raise their two children.
Adwoa has identified that there are growing demands among consumers for both of her products. Unfortunately, she is unable to meet their needs due to limited inventory. She will use her loan to purchase more fish and palm oil to sell. With the additional profits from her expanded business, Adwoa hopes to buck the trend by ensuring that all of her children will be given the opportunity to further distance themselves from poverty.
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.