Esi Comfort Fosuah A. is a divorcee with six children. As the sole breadwinner for her family, she earns her income by selling cooked yams in Abrafo, a village near Abura. She has been in this business for six years now.
Esi is looking to grow her business to increase her income. She plans to use the loan to purchase more yams and other ingredients to increase her sales. Any additional profits she earns will be ploughed back into her business.
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.