Rosina is married and has three children. Her husband is a farmer. She deals in the production of local soap in Akpafu, Hohoe, which she has been doing for five years. To prepare her local soap, Rosina burns cocoa pods into ashes and later soaks the ashes in water. She then boils the mixture into a porridge form, adds palm oil, and continues to stir. When it reaches the desired color, she takes it off the fire, allows it to cool, and then molds into various sizes.
Rosina is requesting a loan, which she will use to buy palm oil, firewood, cocoa pods, and cooking pot. She hopes to save the new profits from her business towards her old age. She helps her husband in feeding the family and assisting with their children's school fees.
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.