Rita G. is married, and has three children. Her husband works as a trader. Rita sells a variety of bags, shoes and other footwear items at her own vending store. She began her own business in 2007, and has been working ever since. Rita contributes to the family budget, helps maintain expenses, and cares for the children. Rita is requesting a loan in order to increase the number of bags, shoes and other items she stocks to meet the increased demand from her customers. She hopes that this will help her business grow and increase her profits.
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.