Helena H. is married with three children. Her husband is a pastor, and Helena is responsible for paying bills and taking care of the children.
Helena completed senior high school, and has been selling food for the past eight years. She sells cooked rice, banku (cooked fermented dough), red red (a popular stew), and groceries at Ola in Cape Coast. She is requesting a loan to purchase more food stuffs and rice for her chop bar. She hopes to use any new profits to expand 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.