Elizabeth is single and has no children. She has received an education, through secondary school. Elizabeth sells women's products, including sandals, bags, and cosmetics, in Elmina. She has done this work for some time, now. Elizabeth uses her income to support herself and pay all of her own expenses.
Elizabeth will use the loan to purchase an increased quantity of products to offer to her female customers. With the new profits from her expanded business, she plans to develop her inventory further and to save for her 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.