Comfort F. has been running a provision store in Effiakuma Estate, near Takoradi, for the past nine years. She also sells food items such as those displayed on a table behind her in the photo. Educated up to senior high school, she is married and has two children
Her income supplements her husband’s, who is a photographer, and helps pay for the household expenses.
She plans to expand her business by using the loan to acquire additional goods for resale.
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.