Mary sells meat, fish, and "gari" (a delicacy made out of cassava which is pictured in the photograph with Mary) at Seaview near Elmina, which she has done since 2004. By doing so, Mary supports her husband in paying utility bills and other basic living expenses of the family. Mary is now requesting a loan to purchase more meat and fish so that she can satisfy her customers' increasing demands. With the expected profits from her expanded business, Mary plans to save towards acquiring a piece of land in order to build a house for their family.
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