Awanyo is married and has one child. She has never received any formal schooling. Awanyo is a petty trader and also a food vendor at Wegbe, Hohoe, which she has done since 2009. Her husband is a farmer. Awanyo uses her income to help her husband provide with the basic needs of the home. Awanyo will use the loan to purchase bags of rice, maize, gari, and a gallon of oil. With the new profits from her expanded business, Awanyo plans to save for the expansion of her business.
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.