Esi is a petty trader who sells food items such as cassava, plantains, and tomatoes. She offers her wares for sale at Besease near Elmina. Esi has been engaged in this business for the past eight years.
Esi and her husband have five children. Her husband is a farmer. Esi uses her income to assist her husband in paying the household bills.
She will use her loan to purchase more food items to offer for sale. With the expected profits, she intends to expand 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.