Faustina is divorced and has 4 children. She has received schooling through first level. Ekua Faustina sells provisions and koko (maize porridge) at Dompoase, which she has done for 6 years. With the income from her business, Faustina pays her children’s school fees as well as other household expenses. Faustina will use the loan to purchase provisions like milk, Milo, bread, and soft drinks, as well as maize. With the new profits, Ekua plans to to continue to 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.