Although she has received no formal education, Esi is an entrepreneur. She specializes in selling doughnuts and meat pies in Egyirfa (near Cape Coast). She has been involved in this enterprise for a year. Esi is married and has three children. Her husband works as a farmer. The proceeds from her business normally go toward helping her husband to cover the family’s general expenses and to pay their children’s school fees. Esi will use the loan to buy more ingredients to make doughnuts and meat pies, thus helping her to improve her overall sales. With the new profits from her expanded business, Esi plans to further diversify the type of products that she sells, thus adapting to changing customer 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.