Constance is married and has 4 children. She has received schooling through the middle school level. Constance sells provision in Ve-Agbome, Hohoe Township, which she has done for 7 years now to support her family. Her husband is an auto mechanic. Constance uses her income to assist her husband with paying utility bills and feeding the family.
Constance will use the loan to purchase cartons of biscuits, Milo, Nido, cooking oil, assorted soap, and torch lights. With the new profits from her business, Constance plans to save to expand her working capital and enhance her profit.
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.