Paulina is married and has two children. She has received schooling through junior high school. Paulina sells Accra kenkey at Akatakyiwa, which she has done since last year. Her husband is a carpenter. Paulina uses her income to help her husband, take care of the children and other family duties. Paulina will use the loan to purchase more maize to help her prepare more Accra kenkey to sell. With the new profits from her expanded business, Paulina plans to reinvest into the 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.