Issah S. operates a corn mill at Asem near Abura. Issah has received tertiary level education. He is married and has 2 children. His wife is a businesswoman. Issah has been operating this corn mill since 2002. He is responsible for paying his children's school fees, utility bills and other family expenses. His loan will be used to buy another milling machine since the one he is using is giving him problems and making his work very slow. He hopes to use the new profits from his business to reinvest back into the business to increase his capital base to enable him buy spare parts for the milling machine.
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.