Elmina, Ghana
December 13, 2011
Yaa Akromah
About the Entrepreneur
Name: Yaa Akromah
Location: Elmina, Ghana
Activity: Food | Food Market
About the Loan
Loan Amount: $125
Loan Use: A loan of $125 helps Yaa Akromah to purchase more tomatoes, garden eggplants and onions to sell.
Date Listed: December 13th, 2011
Yaa is a single mother and has four dependents, which she is responsible for raising. Yaa sells tomatoes, garden egg plants, onions and other food items in Besease. She has been in business for the past 10 years. Yaa will use her loan to purchase more tomatoes, garden egg plants and onions to sell. With the additional profit earned as a result of this loan, Yaa plans to expand her business.
Additional information about this loan
Important Information About this Loan
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.
