Victoria A. sells fish that she buys from fishermen and then brings home for processing and preservation. She sends the fish to the market for sale at Boatase, near Elmina. Victoria has received no formal education. She is married and has three children. Her husband is a fisherman. Victoria has been selling fish since 1996. She is responsible for assisting her husband in meeting the family's financial needs. Her loan will be used to increase her capital to buy more fish in larger quantities for processing and sale. She hopes to use the new profits from her business to invest towards further educating their children.
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.