Rebecca Esi is a baker. She also sells a local soft drink popularly known as Awusa beer. She serves it with bread at Krofofodo near Abura. She has been in this business for some years now. She is married and has 3 children. Her husband is a driver. Rebecca uses her income to support her husband to pay their children’s school fees. She will use the loan to purchase bags of flour for her bakery and ingredients needed to produce the drink for sale. She plans to expand her business with the new profit
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.