Gloria is married and has 2 children. She has received schooling through senior high school. Gloria sells local juice drinks and fish at Elmina, which she has done for some time now. Her husband is a net owner that fishes in the community. Gloria uses her income to support her husband with their family's general expense. Gloria will use the loan to purchase more ingredients to make her fresh drinks and buy more fish to sell. With the new profits from her expanded business, Gloria plans to increase her capital base and grow her business.
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.