Even though Grace grew up in poverty and without an education, this has not stopped her from fulfilling her dream of achieving a better life for herself and her family. Currently, Grace is an entrepreneur. She sells provisions in Narkwa (near Cape Coast). Her business enterprise has grown substantially since she began one year ago. She uses the income from her business to help her husband raise their three children. Grace has identified growing demand among consumers for her products. Nevertheless, she is unable to meet their needs due to limited inventory capacity. She aims to use her loan to buy more provisions to sell. With the new profits from her expanded business, Grace wants to buck the trend by ensuring that all her children will be given the opportunity to further distance their family from poverty.
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.