Due to difficult circumstances, Paul did not have access to any form of formal education, yet this has not stopped him from achieving his dream of becoming an entrepreneur. Currently, Paul sells bush meat in Edukuma (near Cape Coast). He has been doing so for about 6 years. He is married to a trader, and together they have 4 children. Paul uses all his income to feed and provide for his family.
Paul will use the loan to purchase an increased amount of bush meat, which will aid him in improving his overall sales. Paul wants to use the future profits from his expanded business to ensure that all his children are able to receive an education.
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.