Dorothy is married and has three children. She has received schooling to a junior high school level. Dorothy is a petty trader at Akpafu, Hohoe, who deals in plastic bowls and sponges. She has done this since 2009. Her husband is into carpentry. Dorothy uses her income to assist her husband to care for their 3 children. Dorothy will use the loan to purchase more plastic bowls, buckets and bottles to enable her to expand her business. With the new profits from her expanded business, Dorothy plans to save for her children's education.
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.