Anita is a seamstress. She also cooks rice porridge for sale and serves her porridge with meat pies. She lives in Krofofodo near Abura. She has done this for twenty years now. Anita is married with five dependents. Her husband is a mason. She uses her income to assist her husband to pay their children’s school fees.
Anita needs this loan to purchase bags of rice for her porridge and flour for her meat pies. She also needs money to buy fabric and other sewing materials to aid in her sewing work. With the new profit, Anita will expand her business.
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.