Christine is a married woman who is blessed with three children. She has no formal education. For the past 27 years, Christine has sold vegetables in the Hohoe main market and her husband is a petty trader. She uses her earnings to supplement her husband’s income and pay their children's school fees.
Christine is requesting a loan to purchase more vegetables to resell to other venders in the market who do not have enough working capital. She hopes that her loan will increase her sales and profits. With the new profits from her expanded business, Christine plans to acquire a business stall and provide better nutrition for her family.
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.