Grace sells soap in Aburansa near Elmina. Grace has received schooling through a middle school level. She is married and has 3 children. Her husband is a groundnut distributer in the area. Grace has been selling soap for the past 4 years now. She is responsible for supporting her husband in paying the family's utility bills and their children's school fees. Her loan will be used to buy more supplies and ingredients to prepare her local homemade soap. She hopes to use the new profits from her business to develop her capital base further and be able to expand her soap operations greatly in the 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.