Edmund Q. is single and is taking care of one of his brother’s children. He has received an education through senior high school.
Since 2003, Edmund has sold lining, thread and other sewing materials in Cape Coast. He also works as a tailor, specializing in sewing men’s clothing. Edmund uses his income to take care of his brother’s child.
Edmund will use the loan to purchase more sewing materials for resale and to also buy equipment to improve his services. With the new profits from his expanded business, Edmund plans to reinvest back into his enterprise in order to increase his 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.