Nicholas is divorced and has one child. He has received schooling to middle school level. Nicholas is into photography in Akpafu, Hohoe. He has been doing this for seven years. Nicholas uses his income to care for his son and his parents. Nicholas will use this loan to purchase a new camera. Nicholas plans to save the new profits from his expanded business and open a studio in the future. He also wants to open a charcoal business to make more profit for his child’s education.
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.