Patience Arthur Abena P. is married with three children. Her husband is a farmer. Patience has a clothing store in Dompoase near Elmina, Cape Coast. She has completed her senior high school education and has been in this business for the past five years. She uses her earnings to pay for her children’s education and contribute to the household expenses. Patience aspires to grow her business to support her family and she needs a loan to help her do so. Her loan will be used to purchase more clothes to sell.
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.