Egya sells and repairs electrical equipment in Nyanta, near Elmina. He has been in this business since 2000. His wife is a trader.
Egya uses his income to pay for his children's school fees, utility bills and other family expenses. Egya will use this loan to purchase more electrical parts for his repair works. With the new profits from his expanded business, Egya plans to reinvest back into his business. This will allow him to increase his income so he can give quality education to his children.
Important Information About CRANPlease 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.
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Success!! The loan was 100% repaid