Maame E. K. sells soft drinks and mobile phone recharge credits at Elmina. Maame E. has received a senior high education. She is not married and has no children. Maame E. has been selling soft drinks and mobile phone recharge credits since 2008. She is responsible for paying the rent, utility bills and other financial expenses. Her loan will be used as additional capital to enable her increase sales of soft drinks and mobile phone recharge credits to meet the increase in demand by her customers. She hopes to use the new profits from her business to reinvest for the expansion of her 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.