Rakia is divorced and has 5 children. She has received no formal education. Rakia sells underwear in Apowa near Takoradi and has done so for 5 years now. Rakia uses her income to support her children and pay their school fees. Rakia will use the loan to buy a greater quantity and variety of men's and women's underwear for sale. With the new profits from her expanded business, Rakia plans to expand her underwear clothing 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.