Gladys sells drinks and provisions in Santrokofi, Hohoe Township. Gladys has completed middle school. She is married and has three children and two dependents. Her husband is a timber operator. Gladys has been selling drinks and provisions for the past 10 years. She is responsible for the financial needs of her two dependents and helps her husband feed the nuclear family.
Her loan will be used to buy more mineral drinks, expand her provision business and introduce the selling of tomatoes. She hopes to use the new profits from her business to acquire a bigger shop.
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.