Josephine into selling of food stuffs but took her loan to sells cosmetics in Likpe Bakua, Hohoe Township and the surrounding communities. Josephine has received no formal education. She is widow with 5 children. Josephine has been selling food stuffs and other petty trading for the past 18 years but took loan to sells powder so she can get an extra income to support herself. She is responsible for all the financial needs of herself and that of her children. She started selling cosmetics so she can give great support to her children. Her loan will be used to buy more cosmetics to sell. She hopes to use the new profits from her business to save towards her children's schooling needs.
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.