Elizabeth is a petty trader at Soba, Hohoe. She has never been to school. She is single and has two children. Over the past years she has helped support herself and her extended family members. She is responsible for paying the school fees of her younger siblings.
Elizabeth has been in the petty trading business since 2008. Her loan will be used to buy tins of Milo, milk, biscuits and other provisions. She hopes to save the new profits from her business to enable her and her business to build a better future.
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.