Faustine is married with four children. For the past seven years she has worked as a trader, selling food, drinks, and merchandise at Ve-Agbome, Hohoe. Because of financial constraints, Faustine received education only through junior high school, and decided to join one of her aunties to learn trading. Faustine's husband operates a drinking spot. She assists her husband in providing for the home and providing clothing for her family.
Faustine is requesting a loan to buy tomatoes, fried fish, and crates of eggs. She hopes to save and use the new profits from her loan to increase her profit margin.
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.