Comfort is standing in front of the gallon barrels that she uses to store palm oil. At the time of the visit, Comfort had run-out of stock. She is a palm oil extractor at jukwa, a village at Abura. She has received junior high education. She is married to a teacher and has five children. Her husband is a teacher. Comfort has been a palm oil extractor for 8 years. She responsibly supports her husband in the general upkeep of the home. Her loan will be used to buy more palm fruits to process and to sell. She hopes to use the new profits from her business to educate her children.
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.