Suzzy E. is a widow who takes care of 7 dependants. She has completed her senior year of high school education. Suzzy sells "wakye" (rice and beans cooked together) at Abbrem Agona near Abura, Cape Coast. This dish is normally served with spaghetti, hot pepper and tomato sauce. Suzzy uses her income to see to the well-being of her home. She is asking for the loan to purchase more rice, beans, and other food items to cook for sale. With the new profits from her expanded business, Suzzy plans to build a cafeteria.
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.