Joyce is married and has three children. She has received schooling to the primary level. Joyce is a fishmonger and a petty trader at Santrokofi, Hohoe. She has done this business for 15 years now. Her husband is into carpentry. Joyce uses her income to support her husband with some of the financial needs of the home and to help feed the family. Joyce will use the loan to buy different types of fish. With the new profits from her expanded business, Joyce intends to save to enable her to continue to help her husband give a better education to their children.
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.