Gifty is married and has 1 child. She has completed schooling through a senior high school level. Gifty is a hair dresser in Akotokyir, near Abura, and has worked as a hairdresser for 3 years now. Her husband is a factory worker. Gifty uses her income to help support her husband with their child’s school fees. Gifty will use the loan to purchase shampoos, hair extensions and other products needed for her hair dressing services. With the new profits from her expanded business, Gifty plans to grow her hair salon business to meet the needs of more of her clients.
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.