Christina D. is married and living with her three children. She has received senior high education. Her husband is a trader.
Christina sells varieties of body lotions and hair creams at Elmina and has been doing this for some time now. She uses her income to support her husband in taking care of the children and any other expenditures that may come her way.
Christina will add the loan acquired to her initial capital to buy more body lotion, hair creams and other cosmetics to sell. With the new profits from her expanded business, she plans to save to buy a piece of land.
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.