Sarah A. is single and has no child. She has received schooling through junior high. Sarah sells fabric; she is a seamstress who specializes in sewing ladies’ wear at Kisi near Elmina, which she has done since 2005. Sarah uses her income for paying the rent, utility bills and other financial expenses. She will use the loan to purchase more and greater variety of fabrics and other sewing materials for her sewing work. With the new profits from her expanded business, Sarah plans to reinvest for the expansion of her trade.
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.