Afia is a petty trader. She trades in ladies’ wear, underwear, brassieres, and panties. She has done this for three years. She lives at Frami near Abura.
Afia is a single parent and has four children. As a single parent, she uses her income to feed and clothe her children and to pay their school fees.
Afia will use her loan to purchase children’s wear, underwear, and ladies’ wear to sell. With the new profit from her expanded business she wishes to build a shop to enable her to sell the dresses.
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.