Kakra A. sells slippers, moving from one house to the other in and around Akotokyire. With the income she generates from the sale of slippers, Kakra is able to support her husband to pay for rent and food for the home.
Kakra’s loan will be used to buy other types of slippers to add to the types she currently sells. She hopes to use the new profits from her business to save to buy a shop.
Kakra has no formal educational background. Her husband is a driver.
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.