Margaret is a petty trader located at Santrokofi, Hohoe. Margaret has received education up to the middle school level. She is married and has 5 children. Her husband is a retired teacher. Margaret has been in the petty trading business for about 10 years now. She is responsible for providing food in the home and helps with other basic financial needs. Her loan will be used to buy groundnut paste, smoked fish, wale (cow skin), grains, tinned tomatoes and yam tubers. She hopes to save and use the new profits from her business to enhance her working capital.
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.