Leticia is married and has two children. She has received schooling through junior high school. Leticia sells corn dough and raw maize in Effia Kumah, near Takoradi, which she has done for seven years. Her husband is a mechanic in the area. Leticia uses her income to support her husband with their family's expenses.
Leticia will use the loan to purchase an increased quantity of maize to prepare and sell in the market. With the new profits from her expanded business, Leticia plans to grow her food-selling trade.
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.