To earn a living, Hannah works as a trader, selling various grocery and food/drink items such as powdered milk, coffee, powdered pepper, canned tomatoes, and canned fish. Hannah has been in this business for five years. She explains that she uses her business income to assist her husband pay their utility bills.
She is seeking a loan to buy additional inventory, including milk, powdered milk, tomatoes, cooking oil, and canned fish, so that she can satisfy her customers and meet their demands. She hopes to use the additional profits she expects to generate as a result of the loan to expand her business.
Important Information About CRANPlease 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.
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Success!! The loan was 100% repaid