Mawuli is married. He has received schooling to the junior high school level.
Mawuli is a kente weaver in Likpe Bakua, Hohoe, which he has done for five years now. His wife is a petty trader. Mawuli uses his income for the general upkeep of his home.
Mawuli will use the loan to purchase different colors of thread, to enable him to weave and sell lots of kente. With the new profits from his expanded business, he plans to save money, to enable him to employ an assistant.
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.