Although she grew up in difficult circumstances, Rose is an entrepreneur. She owns a local chop bar in Hohoe. She has been involved in this enterprise for a while now. Rose is single without any children. The proceeds from her business normally go towards helping her support herself and her extended family. Rose wants to use her loan to purchase more ingredients, hence allowing her to sell greater quantities of her tasty local dishes. In the long term, Rose plans to reinvest future profits into her business so she can expand and meet rising customer demand.
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.