Eleanor M. sells ladies wear and footwear in the area called Cape Coast. Eleanor has received junior high school education. She is a single parent and has 1 child. Eleanor has been selling ladies wear and footwear for 2 years. She is responsible for paying the utility bills and the child's school fees. Her loan will be used as additional capital to buy more clothing and footwear for resale. She hopes to use the new profits from her business to save towards a piece of land she wants to acquire on which to put up a house to live in, so that she can stop paying rent.
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.