Louis is married and has 6 children. He is an educationist. Louis got into petty trading at Likpe Bakua, Hohoe, over the past two years after retiring from active service. His wife is also a petty trader. Louis uses his income for the general financial needs of his family. He will use the loan to purchase bags of paddy rice and maize from local farmers for resale to men and women at the market and also to other middle men. With the new profits from his expanded business, Louis plans to save for his family’s welfare.
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.