Joyce is married with three children. She has received some schooling till the end of junior high school. Currently, Joyce sells African print cloth near Takoradi. She has been involved in this industry for about three years now. Her husband is a trader. Joyce's income goes toward helping her husband pay for the family's general expenses.
Joyce will use the loan to increase her existing African print cloth inventory. With the new profits from her expanded enterprise, Joyce plans to develop her business further by venturing into newer markets.
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.