Nanama A. is a single parent with 3 children. She has received schooling through junior high. Nanama sells soft drinks at Atonkwa near Elmina, which she has done since 1995. Nanama uses her income to take care of her children's financial needs. Nanama will use the loan to increase her capital to buy soft drinks in larger quantities in addition to purchasing other goods for sale. With the additonal profits from her expanded business, Nanama plans to save for a house she would like to build for the family and also save for education expenses for her children.
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.