Abena is married with six children. Although she has received no prior formal education, she is an entrepreneur who sells rice in Enyaadze, near Cape Coast. Abena has run her business for the past three years. Her husband is a farmer. The proceeds from her business normally go toward helping her husband cover the family’s general expenses and pay their children’s school fees.
Abena is requesting a loan to buy more rice to sell to increase her business. In the long term, she plans to reinvest her future profits into her business to help her expand and meet rising customer demand.
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.