Celestina Q. is married and has one child. She has received schooling through junior high. Celestina sells silverware and other cooking utensils at Zion in Cape Coast, which she has done since 1999. Her husband is a trader.
Celestina uses her income to pay for her child's school fees, clothing, utility bills and other family expenses. Celestina will use the loan to purchase more goods, including silverware and cooking utensils for resale. With the new profit from her expanded business, Celestina plans 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.