Yaw is married and has 4 children. He has never received schooling because he felt like learning a trade. Yaw sells secondhand clothes, especially male trousers, at Hohoe lorry station, which he has done for 5 years now. His wife is a petty trader. Yaw is responsible for the general upkeep of his home. Yaw will use the loan to purchase a bale of male trousers and introduce shirt sales. With the new profits from his expanded business, Yaw plans to save and reinvest into his 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.