David A. Boateng

David A. Boateng is married and has 4 dependents. He has received schooling through junior high. David A. sells phone spare parts at Kotokraba, the heart of Cape Coast, which he has done since 2002. His wife is a trader. David A. uses his income to pay for the children's school fees and provide food, clothing and other basic needs of the family. David A. will use the loan as additional capital to enable him increase the sale of phone spare parts to meet the increase in demand by his customers. With the new profits from his expanded business, David A. plans to invest in the children's education.



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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