Kweku is a corn mill operator who also produces charcoal for sale in Domenase. He is married and has three children. His wife is a farmer. Kweku is responsible for the general upkeep of his home.
Kweku has been in business for three years. He needs a loan from Kiva to buy another corn mill grinder and enable him to produce more charcoal to increase his sales. Kweku hopes to reinvent his new profits into the 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.