Evelyn is single and has 3 children. She has received schooling through junior high school. Evelyn sells dresses, jeans and shirts at Akatakyiwa, which she has done since last year. She has no husband. Evelyn uses her income to take care of herself and her children. Evelyn will use the loan to purchase dresses, jeans and shirts to sell. She will use it to expand her business by buying a variety of clothing. Evelyn then plans to reinvest into 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.