Beatrice E. sells Fan milk products, yoghurt and other sweet flavored ice creams at Elmina. Beatrice has commercial educational training, where she was taught how to make local and foreign dishes. She is married and has four children. Her husband is a contractor. She helps her husband provide clothing, shelter and food for her family. Her loan will be used to buy extra ice cream to sell. She hopes to use the new earnings from her business to save to reinvest into her business.
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.