Joan O. sells soap, saucepans and sandals in Abura. She is carrying some of the pans as a sample of what she sells. She normally carries them to her customers upon demand. Joan has received junior high school education. She is married and has three children. Her husband is a driver. Joana has been selling soap, saucepans and sandals since 2005. She is responsible for supporting her husband. Her loan will be used to increase the sale of her products. She hopes to use the increased profits from her business to save and build a house.
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.