Esi A. is married and has one child. She sells rubber bowls and also cooks food for sale at Amoanda near Elmina. Her husband is a driver. Esi uses her income to assist her husband to pay school fees and other household expenses. Esi will use the loan to purchase food items to cook for sale. With the new profits from her expanded business, Esi plans to save towards building a food joint. In this picture, she was traveling to some of the communities to sell the cooked food.
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.