Beauty is married and has five children. She has received schooling through basic level to junior high school but couldn’t continue due to her parents' financial constraints. Beauty deals in the sales of frozen chicken in Likpe Bakua, Hohoe, which she has done for 10 years now. Her husband is a teacher. Beauty uses her income to help her husband with the basic needs of the home.
Beauty will use the loan to purchase cartons of chicken in larger quantities and introduce frozen fish to the fishmongers in her community. With the new profits from her expanded business, Beauty plans to save so she can assist her husband to pay for 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.