Eric Kurankye

Eric Kurankye is married and has 3 children. Eric makes and sells palm oil at Odumasi near Cape Coast, which he has done for about 8 years. He owns a taxi which he uses to earn additional income. His wife is a petty trader. Eric uses his income to pay the children's school fees, rent, utility bills and other family expenses.

Eric will use the loan as additional capital to enable him to purchase more palm fruit for the production of palm oil to meet the increase in demand by his customers. With the new profits from his expanded business, Eric plans to save towards a house he wants to put up for his children, and also invest in his taxi which is giving him problems.

In the picture is him beside his taxi which generates a little income for him.



Important Information About This Loan
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.

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