Cecilia is a fishmonger living in Wegbe, Hohoe. Cecilia has received an education through the middle school level, but could go no further because she had no one to pay her fees. She is a divorcee with seven children.
Cecilia has been smoking and selling fish for 16 years now. When her husband divorced her, she was in need of extra funds in order to maintain the household, so she has introduced the selling of boiled maize. This is allowing her to receive a greater profit, which allows her to better support the financial needs of her children.
Her loan will be used to buy different types of fish for smoking. She intends to place as much of her new profits into savings as possible so she can give her best possible effort to her children.
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.