Afenyo is a petty trader in the township of Alavanyo, Hohoe. Afenyo has never been to school. He is married with four children. His spouse is also into petty trading. Afenyo has been in the petty trading business since 2010. He is responsible for paying the children’s school fees and for feeding his extended family. His loan will be used to acquire more goods to fill his shop. He intended to save his new profits from his business to get more capital.
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.