Kweku A. is married and has four dependents. Kweku did not receive any formal education. He has sold fresh fish and variety of soft drinks in Elmina since 1994. His wife is a petty trader. Kweku uses his income to paying for utilities, such as water and electricity.
Kweku will use this loan to purchase fish in large quantity for resale and also to increase his stock of soft drinks for sale. With the new profits from his expanded business, Kweku plans to save to buy a truck.
Important Information About CRANPlease 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.
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Success!! The loan was 100% repaid