Samuel sells cosmetic in Ahado, Hohoe, near the main Hohoe station. Samuel has completed school to middle level. He is married and has two children. His wife is a petty trader. Samuel has been selling cosmetics for ten years and he is responsible for his nuclear family and parents. His loan will be used to buy perfumes, pomade/cream and deodorant to increase profit. He hopes to use the new profits from his business to further expand his shop.
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.