Nana Esi is a petty trader. She sells a variety of goods including: notebooks, pencils, pens, and crayons. She also sells a variety of tasty soft drinks. Nana Esi sells her goods under a tree near a primary school at Nkontrodo near Elmina. She has done this work for the past 15 years. She is married with 8 children. Nana Esi uses her income to support her husband in the general up keep of their home. She will use her loan to purchase more stationary, writing utensils and soft drinks to sell. With the new profit from her expanded business, Nana Esi plans to build a store to sell her goods.
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.