Nancy is married and has two children. She has received no formal education.
Nancy sells traditional African fabrics in Eguafo near Elmina. Nancy has been selling fabrics for some time now. Her husband is a farmer in their community. Nancy uses her income to support her husband with their family's general accommodation bills.
Nancy will use the loan to purchase a greater variety and quantity of fabrics to sell in the market. With the new profits from her expanded business, Nancy plans to increase her working capital and expand her fabric sales.
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.