Regina E. is married and has 5 dependants. She has received schooling through junior high. Regina operates a local restaurant, which is popularly known as chop bar hear. She serves a variety of local dishes, such as "fufu" which is made out of cassava and plantain pounded together. She has operated her restaurant at Idan Hill in Cape Coast for the past 5 years. Her husband is a trader. Regina uses her income to support her husband in meeting the family's financial needs.
Regina will use the loan to purchase more ingredients, spices, and food items for food preparation at her restaurant. With the new profits from her expanded business, Regina plans to add to her husband's savings in order to acquire a piece of land on which to build their family house.
In the photo, Regina is pounding the ingredients to make "Fufu".
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.