Regina is a trader who deals in the sales of smoked fish and fried fish at Ve-gbodome, Hohoe. Regina has received a primary school level education. She is divorced and has 3 children with her husband. For the past 9 years, Regina has been in the petty trading business to help herself and her family. She is responsible for the general support of her children and herself. Her loan will be used to buy cartons of fish and gallons of oil. She hopes to use the new profits from her business to reinvest into the business. She hopes to increase her profits and save this money for her children's education.
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.