Stella is married with 4 children. Her husband is a farmer. Stella has received no formal education.
Stella is a food vendor at Wegbe near Hohoe. She has been cooking food for sale for the past 10 years. Stella uses her income to help pay for the family’s expenses, such as school fees, food and so on.
Stella will use the loan to purchase foodstuffs and ingredients for the preparation of the food she sells. With the new profits from her expanded business, Stella plans to introduce new dishes to the menu.
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.