George is an alcohol distiller from Likpe Bakua, Hohoe. George has received a junior high school education. He is married and has one child. His wife is a petty trader.
George has been a distiller for one year. He has been giving all financial assistance to his parents and pays for food and all the bills in his home.
His loan will be used to buy palm trees. He intends to use the new profits from his business to save and get enough money to deal in the sales of charcoal.
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.