Ndable is widow and the mother of two children. Even though she did not receive any formal education, she is a successful businesswoman who sells a variety of African dishes at a "chop bar" in the town of Whindo. She has been in this business for about five years and, as sole breadwinner for her family, uses her income to provide for her children. Ndable is requesting this loan to buy ingredients she needs to prepare the dishes she sells. She believes that this loan will help her increase her sales and expand her business. In the future, she plans to offer a wider range of food items, and thereby adapt to changing customer preferences.
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.