Cecilia Bentsiwa Aiddo is married and has 2 children. She has received schooling through junior high school. Cecilia sells cooked rice in Peofofordo near Abura and has done this for the past 12 years. She also works part time as a seamstress in her community and her work is very well respected.
However, she is taking out this loan to improve her cooked rice enterprise. Her husband works as a security guard. Cecilia uses her income to help support her husband with their children’s school fees and other family expenses. Cecilia will use the loan to purchase more rice to prepare and sell in the market. With the new profits from her expanded business, Cecilia plans to expand her food selling business further.
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.