Comfort operates a provisions shop were she sells varieties of items like bags of rice, Cerelac (baby cereal), powdered milk and others. She wants to increase the quantity of items she sells and so needs a loan to purchase more bags of rice, Cerelac and other provisions to meet the demand of her customers. The profit that will be realized as a result of the loan will be reinvested back into the business.
She is married and has two children. Her husband is a photographer. Comfort has been selling provisions for eight years. She assists her husband in the general upkeep of the home.
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.