Mary is a small scale trader. For the past two years, she has sold ladies' underwear and children's dresses and underwear at Egyrifa near Cape Coast.
Mary is married, and she uses her income to help her husband pay utility bills and rent. She needs this loan to enable her to purchase more underwear and ladies' and children's dresses to sell. With the profits, she plans to acquire a shop for the sale of her dresses.
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.