For the past four years, Monica Adjoa Mansah T. has made a living by selling saucepans, pots and other cooking utensils in Kokowada, Elmina. Her income pays for her child’s school fees and also helps her husband, a farmer, pay for some household expenses.
She aspires to grow her business and requires a loan to purchase more products for sale. Monica intends to use the profits from her expanded business to buy a piece of land.
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.