Vincentia is married and has four children. Her husband is a tomato farmer. She has received senior high education. She helps her husband to pay utility bills with the income she makes from her sales.
She lives in Takoradi. In her vicinity, she supplies bags of charcoal to her customers, which she has done for 10 years. The loan she hopes to receive will be used to purchase more bags of charcoal. With the new profits from her expanded business, she plans to buy a plot of land.
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.