Comfort A. is married and has four dependents. She has received no formal education. Comfort sells coal pots which are used as a stove for cooking. She also sells aluminum pots and cake baking containers at Abura market, which she has done since 1990. Her husband is a security man. Comfort uses her income to pay for her childrens' school fees, utility bills and other expenses. Comfort will use the loan to purchase more coal pots and other aluminum containers for resale to meet its high demand in the market. With the new profits from her expanded business, Comfort plans to reinvest to further expand the business.
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.