Esi A. is married and has one child. Her husband is a teacher. She has received a junior high education. Esi sells cassava and plantain at Abura, and assists her husband in providing the basic needs of the home. Esi will use the loan to purchase more of her food stuffs for sale to expand her business. With the new profits from her expanded business, Esi plans to save towards the education of her child.
The sacks around her are full of cassava.
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.