Aba is divorced and has a number of children. After successfully graduating primary school, Aba is now an established businesswoman who has been selling yams in Twifo Praso, near Cape Coast, for the past ten years. Aba is the sole breadwinner in the family.
Aba is requesting a loan to purchase increased amounts of yams to improve her overall sales. With the profits from her loan, she plans to diversify the type of products that she sells to adapt to changing customers 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.