Ford Adade is a petty trader and he also sells provisions at Akpafu, Hohoe Township. He has received education to junior high school. Ford Adade is married and has one child. His wife is also a petty trader.
Ford Adade has been selling provisions for seven years. He is responsible for the general up keep of the home and he supports his mother.
His loan will be used to buy cartons of tin tomatoes, Milo, Nido, candies. He hopes to use the profits from his expanded business to save and reinvest.
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.