Nancy is a fishmonger in her district in Wegbe, Hohoe. Nancy has no formal education because she wanted to learn a trade from her mother instead. She is married and has one child. Her husband is a miner. Nancy has been a fishmonger since 2006. She helps her husband meet their family's basic needs. Her loan will be used to buy yams and larger quantities of fish to sell. She hopes to use the new profits from her yam business to expand her seafood 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.