Vida T. is married with two children and has received an education through Vocational School. Since 1999, she has worked as a trader selling provisions at Ankwanda near Elmina. Her husband is also a trader. Vida uses her income to pay for school fees, her family’s light bill and rent. She will use the loan to purchase additional provisions such as sugar, milk, rice and soap which she will sell in her shop. With the new profits from her expanded business, Vida plans to purchase land and build a home for her family.
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.