Alice G. is a single parent and has two children. She has received schooling through vocational education. Since 2004, Alice has been making a living selling processed fish at Denu: she buys the fresh fish from the fishermen, takes them home for processing, and then brings them to the market for sale. Alice uses her income to pay bills. Currently, she needs a loan, which she will use to buy fish for resale. With the new profits, Alice plans to expand the business and help her children in pursuing further education.
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.