Helena is divorced and has 7 children. Even though she did not receive any formal education, Helena is a successful businesswoman. She sells packaged biscuits in Apewosika (near Cape Coast). She has been actively involved in this business for about 3 years. As the sole breadwinner in the family, Helena uses her income to provide for the entire family. Helena will use the loan to purchase increased amounts of packaged biscuits, thus helping to improve her overall sales. With the new profits from her expanded business, Helena plans to diversify the type of products that she sells, adapting to her customers’ changing preferences.
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.