Francisca sells frozen chicken and fish in Likpe Bakua, Hohoe. She has received education to the middle school level. She is married and has 3 children. Her husband is a petty trader who deals in the sales of various types of food stuffs.
Francisca has been selling frozen chicken and fish for 9 years now. She assists her husband with the payment of utility bills and also with the feeding of the family. Her loan will be used to buy cartons of chicken and fish to stock the fridge. She intends to save the new profits from her business to increase her working capital so she can acquire a new freezer.
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.