At a village called Jukwa, Adwoa sells second-hand clothes. She has been in this trade for 5 years and has been through junior high school. She is divorced and has three children. As a single parent, she pays school fees, feeds and clothes her children. She wishes to invest the amount she is going to receive into the clothing business so that she can take care of her children properly. The new profit that will be realized will be reinvested back into her business for further growth.
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.