Emmanuel is married and has three children. He wife is a petty trader. For the past 11 years, Emmanuel has sold leatherwork at Hohoe and he uses his income to pay his children's school fees to give them a better education. Emmanuel received schooling through middle school. His wife is a petty trader.
Emmanuel is requesting a loan to purchase more leather to enable him to produce more sandals to sell. He intends to use the profit from his loan to expand his business and train youth. In the future, Emmanuel hopes to save money to buy modern machines.
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.