Esi is a small-scale fish monger in Akatakyiwa near Cape Coast. For quite some time now she has bought fish from a nearby fishing village and then smoked it to sell. She uses her earnings to help pay the utility bills and their children’s school fees.
Esi is applying for a 500 GHS loan from CRAN to buy an increased quantity of fish to smoke, thus allowing her to meet customers’ rising demands. She hopes to use her new profits to set up a smoked fish stand so she can sell from a permanent location.
Important Information About CRANPlease 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.
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Success!! The loan was 100% repaid