Leticia A. sells food supplies like rice, canned products, oil and spices at Coronation near Cape Coast. Leticia has received primary level education. She is married and has 4 dependants. Her husband does printing works. Leticia has been selling food supplies since 1999. She is responsible for supporting her husband in paying rent, utility bills and other basic expenses of the family. Her loan will be used as additional capital to enable her to buy more food supplies to increase sales to meet the increase in demand by her costumers. She hopes to use the new profits from her business to save towards acquiring a piece of land for the building of the family house so that they can stop paying rent and also get a comfortable shelter 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.