Diana started her business not long ago. She sells foodstuffs such as rice and gari. Gari is made out of cassava only; the cassava is milled into dough and then the starch is extracted to reduce the starch content. The dough is then fried into gari, which is very popular in the country. Diana also prepares other food for sale. She does her business at Elmina.
Diana will use her loan to buy raw cassava for the production of gari and also to increase her rice sales. She hopes to save the new profits from her business for reinvestment.
Important Information About CRANPlease 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.
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Success!! The loan was 100% repaid