Josephine is married with 3 dependents. Her husband is a farmer. She has received a middle-school education.
Josephine is a fishmonger and also sells other foodstuffs at Wegbe near Hohoe. She has been selling fish and foodstuffs for 16 years now. She is responsible for feeding of the family and a few other of the family’s expenses.
Josephine's loan will be used to buy more foodstuffs from the farmers for resale. She hopes to use the new profits from her business to increase her capital, which will enable her to increase sales.
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.