Esi M. is married and has 1 child. She has received schooling through junior high. Esi sells cookies and soft drinks; she has also been a baker at Kisi near Elmina since 2000. Her husband is a Taxi driver. Esi uses her income to assist her husband in paying the housekeeping expenses. Esi will use the loan as additional capital to enable her to increase the production and sale of cookies by buying more ingredients (like flour and margarine) to meet the increase in demand by her customers. With the new profits from her expanded business, Esi plans to save towards a house she wants to put up with her husband.
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.