Evelyn is divorced and has two children. She has received schooling, but only up to a junior high school level. Evelyn is a petty trader who deals in jewelry and hair accessories in Alavanyo, Hohoe, which she has been doing for the past three years. Evelyn uses her income to look after her children since her husband does not cater to them. Evelyn will use the loan to purchase more goods like jewelry and hair accessories to sell. With the profit from her expanded business, Evelyn plans to save for her children’s future.
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.