Veronica K. has been a trader in Elmina village for 6 years. She is married to a farmer and has 5 children to support. She is requesting $525 to buy additional bowls, and pots and pans. She walks through the residential villages and local markets with her materials and sells to a wide variety of people. Veronica is also a member of a lending group called “Nyame Ye Kase Traders”, which consists of 14 borrowers in Cape Coast, Ghana.
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.