Adjoa is married and takes care of six dependents. Her husband is a fisherman.
For the past three years Adjoa has been selling cosmetics. On her lap are some of the cosmetics which she sells by moving from one area to another. Adjoa uses her income to see to the upkeep of her home.
Adjoa is going to use her 800 GHS loan to purchase more cosmetics to sell. With the new profits from her expanded business, She plans to build a cosmetics shop.
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.