Mr. Nicholas Botwe is the director of finance at the Ministry of Education and aged 56 years. He is currently separated from his wife, aged 50 with whom he has three children aged 18, 15, and 13. She has initiated formal divorce proceedings and seeking a settlement from Mr. Botwe. Mr Botwe has operated his account satisfactorily until recent times when his revolving overdraft facility of GHC 10,000 has remained close to the hilt without much fluctuation. The first two children are in SHS, and the last one in JHS. He pays school fees of GHC 4,000 per term for the JHS student and the others are now enjoying the free SHS. You also notice from his account that he has the following standing orders: Car loan 1,500 Electricity 400 Telephone 200 Hire purchase 250 As part of the divorce settlement, Mr. Botwe is expected to vacate the matrimonial house which is in the name of the wife though he paid for it. He indeed moved out three months ago to an apartment where he pays GHC 400 a month because he just could not tolerate the wife’s nagging due to his infidelity. The wife is demanding that he takes the responsibility of paying the children’s school fees and asking for a settlement of GHC 500 per month to take care of the children. Mr. Botwe comes to your office and asks you to assist him with a personal loan of GHC 20,000 repayable over three years to enable him wire his three story apartment and provide necessary things to enable him move with his two senior sons because the rent he is paying is too high. He tells DC: ACD01-F0015 you not to worry because he is expected to be placed on his correct salary scale of GHC 8,500 next month. He says if you want additional security, he is willing to offer his shares in a blue chip company valued at 15,000. Critically evaluate this proposition.