Cecilia operates a store in Elimina, Ghana. For several years, she has been selling frozen meat, chicken, and fish. Cecilia is married and has six children who are in school. She uses her income to help her husband feed and clothe their children and to pay their school fees.
Cecilia will use her loan to purchase more frozen meat, chicken, and fish to sell. With the new profit from her expanded business, Cecilia will buy a bigger deep freezer for 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.