Isaiah A. M. is married and has 2 children. He has received no formal education. Isaiah sells and repairs electrical gadgets at Aboom in Cape coast, which he has been doing since 2003. Isaiah uses his income to pay his children's school fees, the family's utility bills, and other expenses. Isaiah will use the loan to expand his business by purchasing additional electrical items for resale. He plans to invest the extra profit in his children's 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.