Joseph deals in the sales of wood in Akpafu, Hohoe. Joseph received education from basic level through high school to diploma level. He is married and has 3 children. His wife is a petty trader.
Joseph has been dealing in the sales of wood since 2009. He is responsible for all the financial needs of his home. His loan will be used to acquire a machine for harvesting trees with the payment for trees taken before cutting.
He intends to save his new profits from his expanded business to enable him give better and quality education to his children.
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.