Esther is married and has one child. She has received no formal education. Esther is a petty trader, and she is currently trading pineapples and eggs as displayed in the picture. She sells her food products in Ayensudu near Elmina.
Esther has been working as a petty trader for some time now and diversifies her inventory based on customers' demand and seasonal production. Her husband is a driver. Esther uses her income to help her husband pay their family's general bills and save for their future.
Esther will use the loan to purchase an increased variety of products to sell in the market. With the new profits from her expanded business, Esther plans to increase her capital base and secure her business now and 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.