Agnes, a married mother of eight, received schooling through to junior high school. Her husband is a farmer, while Agnes has been selling provisions in Likpe Bakua Township, located in Hohoe, for 12 years now, using her income to assist her husband with the basic necessities of the home.
Agnes will use this loan to purchase sachets of Milo plus bathing and washing soap. She plans to put the resulting new profits into savings for her old age.
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.