Esi is divorced and has two children. She has received no formal education. Esi bakes bread and other items in Brenu Akyimu, near Elmina, which she has done for 25 years now. She uses her income to pay for her children's school fees as well as all other expenses such as food, clothing and utility bills. Esi will use the loan to purchase eggs, sugar, and flour for baking. With the new profits from her expanded business, Esi plans to continue to support her family and herself.
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.