Isaac Benjamin O. sells firewood. He goes to the forest, cuts wood, and sells it at Abrodzirum near Shama-kedzi. He has received senior high school education and is married with eight dependents. His wife is a trader.
Isaac Benjamin has been selling firewood since 2004. He is responsible for the payment of school fees and the settlement of bills. His loan will be used to buy more firewood for sale. He hopes to use the new profits from his business to save towards the maintenance of his cocoa farm.
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.