Esi is a petty trader. She trades in children's dresses, ladies wear, underwear, brassieres and panties, as well as a variety of baby products. Esi has been trading these goods for the past three years now. She lives at Asafora near Cape Coast. Esi is single. She uses her income to pay her utility and accommodation bills. Esi will use her loan to purchase a greater quantity and variety of children’s products, dresses, and underwear for resale. With the new profit from her expanded business, she wishes to build a shop where she can present and sell her goods more easily to her customers.
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.