Esi is a seamstress and also bakes meat pies for sale. She is married to a teacher and has one child. She has been sewing for 15 years now. She uses her income to support her husband in paying their accommodation bills.
Esi makes dresses for sale, so she needs a loan to purchase fabrics for the dresses she makes. She will also use some of the loan to purchase flour and other ingredients to bake her meat pies for sale. With the new profit, she will 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.