Pricilla is a small-scale food vendor in Hotopo (near Takoradi). She has had some form of formal education, as she is a junior high school graduate. She is married and has three children. Her husband is a driver. Pricilla has been working as a food vendor for close to three years. As the sole provider in the family since her husbands business has not been doing well for a while now, the proceeds from her business normally go towards covering the entire family’s general living expenses.
She plans on using her loan to purchase an increased quantity of foodstuffs and other ingredients, 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, which would enable her to 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.