Due to difficult circumstances, Elizabeth did not have access to any formal education while growing up, yet this has not stopped her from achieving her dream of becoming an entrepreneur. For the last three years, she has earned a living by selling cooking oil in the town of Whindo. She is married and the mother of six children. Elizabeth uses all of her income to feed and provide for her family, and will use this loan to improve her sales by buying an increased amount of cooking oil. She wants to use the profits she makes from her business to ensure that all of her children are able to receive an 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.