Paulina A. K. sells clothing and fabric in Abura. Paulina has received an education through Junior High School. She is married and has 4 dependents. Her husband is a trader. Paulina has been selling clothing and fabric for 12 years now. She is responsible for paying housekeeping expenses and support when there is any other need. Her loan will be used as additional capital to enable her to increase the sale of clothing and fabric for resale. She hopes to use the new profits from her business to reinvest for the expansion of her trade in clothing and fabrics.
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.