Pockson is both a farmer and a driver in Aburansa (near Cape Coast). He has been educated until the end of middle school. He is married and has four children. His wife sells Kenkey for a living (a traditional Ghanaian dish made from corn dough that is wrapped in banana leaves). Pockson has been balancing two jobs for five years now. He is responsible for supporting his wife in paying the family's utility bills and their children's school fees. His loan will be used to purchase more fertilizer and fuel, guaranteeing him a higher yield as well as more passengers. He hopes to use the new profits to subsequently grow both his enterprises and increase his capital base. In the long run he especially wants to expand his reach into neighboring villages.
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.