Ama D. is married to a farmer and blessed with two children. She has received junior high education. Ama prepares 'Fante kenkey' (boiled maize dough) and distributes it to her customers for sale at Abura. She has been selling 'Fante kenkey' for some time now. Ama uses her income she acquires from the sale of her 'kenkey' to help her husband in taking care of the family.
Ama will use the new loan to purchase more bags of maize to prepare her 'kenkey' to distribute to her increasing customers. With the new profits from her expanded business, Ama plans to save to establish a 'kenkey' factory.
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.