Fenita is a seamstress in Effia Kumah near Takoradi. Fenita has received school through senior high school. She is married and has one child. Her husband is on the cocoa board and works to regulate cocoa in Ghana.
Fenita has been a seamstress for eight years now. She is responsible for helping to support her husband in paying the family's general expenses. Her loan will be used to buy an increased quantity and variety of material and sewing supplies.
Fenita hopes to use the new profits from her business to expand her seamstress 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.