Aba is married and has two children. Even though she grew up in poverty without an education, this has not stopped her from fulfilling her dream of achieving a better life for her and her family. Currently, Aba sells limes in Emissakrom (near Cape Coast), which she has been doing for 10 years. Her business enterprise has grown substantially since she began.
Aba has identified that there are growing demands among consumers’ for her product. Nevertheless, she is unable to meet their needs due to limited inventory capacity. She is requesting a loan, which she will use to purchase more bags of lime to sell. With the new profits from her expanded business, Aba wants to ensure that her children will be given the opportunity to further distance their family 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.