Ekow D. is married with two children and has received an education through junior high school. He works as a taxi driver and trader selling engine oil for boats in Cape Coast, which he has done since 2008. His wife makes her living as a fishmonger. Ekow uses his income to pay for utilities, school fees and food for his family. He will use the loan to purchase more engine oil to sell to the fishermen and with the new profits from his expanded business Ekow plans to build more houses.
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.