Mariya produces and sells groundnut paste in the Hohoe main market. Mariya has never been to school. She is married and has three children with her husband, who is a butcher. Mariya has been producing and selling groundnut paste since 2007. She helps out with the basic needs of the family and also with the payment of her children’s school fees. Her loan will be used to buy more bags of groundnuts. She hopes to save and use the new profits from her business to increase her working capital.
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.