Veronica is married with one child. She has never been to school because she loves trading; hence, she joined her mum to trade. Veronica is a petty trader in Likpe Bakua, Hohoe. She has done this work for the past 16 years. Veronica has been into petty trading of various food items since she started her business. Her husband is a farmer. Veronica uses her income to help her husband cover the basic needs of the home. Veronica will use this loan to purchase bags of onions. Veronica plans to reinvest the new profits from her expanded business into her business.
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.