Sarah is single and she has five children. As a single parent, she is responsible for feeding, clothing and paying her children’s school fees with her income. For the past five years, Sarah has been selling cooking utensils, saucepans, and bowls at Asebu Brebia. Sarah completed J.H.S.
Sarah is requesting a loan to purchase more cooking utensils and bowls to sell. She hopes to use the profits from her business to build a shop where she can sell her cooking wares.
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.