Memunatu S. sells fish. She buys fish from the fishermen, brings them home for processing and preservation, and then sends them to the market at Abura to sell.
Memunatu has received no formal education. She is married and has 11 dependents. Her husband is a farmer. Memunatu has been selling fish for about 20 years. She is responsible for helping her husband to pay for their children's school fees, utility bills and family expenses, because her husband's income is too small to meet the needs of the family.
Her loan will be used to buy fish in larger quantities for processing and sale. She hopes to use the new profits from her business to reinvest in the expansion of her fish trade.
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.