Felicia B. sells fish and eggs. She buys fish from the fishermen at the shore and resells them at the market in Elmina. Felicia has a junior high school education. She is a single parent and has two children. Felicia has been selling fish and eggs since 2004. She is responsible for the payment of her children's school fees. Her loan will enable her to increase her capital to buy more fish and eggs in larger quantities to sell. She hopes to use the new profits from her business to build a house for her 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.