Salima M. is married and has two children. She completed her schooling through senior high school. She is a hairdresser who has owned a beauty salon in Kotokoraba since 2000. Her husband is an electrician.
Salima uses her income to help her husband take care of the family. She will use this loan to purchase more cosmetics and hair products to meet the demands of her customers. With the new profits from her expanded business, Salima plans to improve the conditions of the salon to attract more customers.
Important Information About CRANPlease 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.
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Success!! The loan was 100% repaid