Akua E. sells groceries and other food supplies, at Nyankumasi near Cape Coast. Akua received a primary education, but unfortunately had to stop. She is married, and currently has two children. Her husband works as a trader. Akua has been vending groceries and other food supplies since 2005. She is responsible for supporting her husband in paying for the rent, utility bills, and other basic expenses. Akua plans to use her loan to purchase more groceries, rice, cartons of cooking oil, and other food items to meet the increased demands of her customers. She hopes to use these profits to reinvest for expansion and increase the reach of her business.
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.
A loan of $375 helped Akua her loan will be used to buy more groceries and bags of rice, cattons of cooking oil and other food items for sale and also for the preparation of food for sale to meet the increase in demand by her costumers.