James Ben A. works as a pharmacist, selling over-the-counter drugs at Ankwanda near Elmina. He has done this since 2003. He is married with two children and received an education through the University level. While James works as a pharmacist, his wife is employed as a trader. He is responsible for paying school fees, water and light bills, rent and also housekeeping money. His loan will be used to purchase additional pharmaceutical products to sell and he hopes to use the new profits from his business to continue his building project.
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.