Alice G. K. is a married woman who lives with her six dependents. She has received no formal education. Her husband is a farmer.
Alice operates a food joint where she cooks fufu (starchy dumpling made from cassava, yam, plantain or rice) and other local dishes for sale at Jukwa. She has been doing this for some time now. Alice uses her income to support her husband in the general upkeep of the home.
Alice will add the loan to her initial income to purchase more foodstuffs for her cooking business. With the new earnings from her extended business, Alice plans to save to buy a shop for 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.