Adwoa is divorced without any children. Although she grew up in difficult circumstances, she is an entrepreneur who sells bread in Twifo Praso, near Cape Coast. Adwoa has been involved in this enterprise for five years and the proceeds from her business normally go toward supporting herself and her extended family.
Adwoa is requesting a loan to increase her current inventory levels to improve her bread sales. In the long term, she plans to reinvest her future profits into her business, thus helping 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.