Adelaide E. is married and has no children. The highest level of education she has received is senior high.
Adelaide sells pharmaceutical drugs in Elmina, which she has done since 1998. She uses her income to support her husband in paying rent, utility bills and other basic family expenses. Adelaide will use the loan to buy more and better quality drugs for resale. With the new profits from her expanded business, Adelaide will save towards a building a house with her husband for the family.
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.