Cecilia is divorced and has four children. She has received schooling through junior high school.
Cecilia operates a provisions store in Adum Banso, near Takoradi, which she has owned for 20 years now. Cecilia uses her income to pay her children’s school fees as well as all other household expenses, such as feeding and clothing her children.
Cecilia will use the loan to purchase items in bulk for her provisions store. With the new profits from her expanded business, Cecilia plans to save up for her children’s education and to take care of her family.
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.