Kwame is married and has five children. He has received schooling through the junior high school level. Kwame operates a grocery store at Aburasa, near Elmina. He has operated his store for the past five years. His wife is a petty trader.
Kwame uses his income to pay his children's school fees. Kwame will use the loan to purchase a variety of groceries to satisfy his customers. With the new profits, Kwame plans to expand 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.