Comfort A. sells food supplies like beans, groundnut and others at Kotokoraba in Cape Coast. Comfort has received no formal education. She is married and has two children.
Comfort has been selling food supplies like beans, groundnut and others since 1989, but has been doing it on a smaller scale. She is responsible for helping her husband with paying school fees for the children and also paying the utility bills. Her loan will be used to increase the quantity of beans and groundnuts and for her transportation cost since she travels to a very distant farming town called Techiman to buy the food supplies.
She hopes to use the new profit from her business to support her husband in saving towards a house they want to build for the 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.