Mary is a small scale food vendor in Mpohor (near Takoradi). She has had some form of formal education as she is a middle school level graduate. She is married and has 2 children. Her husband is a driver.
Mary has been working as a food vendor for close to 10 years. As the sole provider in the family, the proceeds from her business normally go towards covering the entire family’s general expenses. She plans on using her loan to purchase an increased quantity of foodstuffs and other ingredients, thus allowing her to meet rising customers’ demands.
She hopes to use the profits from her enterprise to fulfill her dream of mounting a food stand, hence helping her sell from a fixed location in the 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.