Nancy is married and has two children. She has received schooling to junior high school. Nancy’s business is selling provisions and minerals to the people of Akpafu, Hohoe, as she has done for the past seven years, since she couldn’t continue with her schooling. Her husband is a petty trader. Nancy uses her income for the daily feeding of the household. Nancy will use the loan to buy sachets of milo, varieties of canned fish, and minerals. With the new profits from her expanded business, Nancy plans to save to acquire a bigger shop some day.
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.