Elisabeth is married with three children. Her husband is a farmer. For the past four years, she has sold cooking ingredients at Twifo Praso, near Cape Coast. Elisabeth's earnings are generally used to help her husband support their children.
Elisabeth is requesting a loan to purchase additional amounts of cooking ingredients to allow her to sell more due to her increased inventory. She hopes to use the profit from her loan to market her business better and increase her working capital. Elisabeth hopes that this strategy will allow her to expand her present customer base.
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.