Salifu is single but has 1 child. He has received basic education to senior high school. Salifu is a petty trader in Hohoe market who deals in the sales of toothpaste and toothbrushes, which he has done for the past 7 years now since he completed school and couldn’t continue due to financial constraints. Salifu is responsible for the general upkeep of himself and his younger siblings. Salifu will use the loan to purchase boxes of toothpaste, assorted toothbrushes, and deal in the sales of detergents for killing insects. With the new profits from his expanded business, Salifu plans to save for his future.
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.