Kwame is married and has 4 children. He has received schooling through senior secondary school. Kwame sells farm produce at Domenase, which he has done for 15 years. His wife is a also farmer. Kwame uses his income to pay his children's school fees. Kwame will use the loan to buy farm tools and fertilizers, and to hire laborers to enable him to harvest more of his product. With the new profits from his expanded business, Kwame plans to expand his 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.