Eugenia is married and has three children. She has never been to school. Eugenia is a petty trader who sells smoked fish and vegetables at Wegbe, Hohoe, Ghana, as she has done to make a living for 16 years. Her husband is a driver. Eugenia uses her income to help her husband raise their three children. Eugenia will use the loan proceeds to buy more fish for her business, in order to increase her profits. Eugenia intends to save the new profits from her expanded business and to start smoking her own fish.
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.