Daniel A. is a fisherman in Abotoase near Hohoe, who needs financial assistance. He has received schooling through junior high and is married and has six dependents. His wife is a trader whose income cannot support him in taking care of the family. He is solely responsible for all the financial needs of the children and the family as well.
His loan will be used to buy a fishing net to catch fish in large quantity to enable him take care of the needs of his large family. He hopes to save the new profits from his business.
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.