Ama T. prepares 'Fante kenkey' (a staple maize dish) for sale and distribution at Abura. Ama has received junior high education. She is married and has three children. Her husband works in a soap-making factory.
Ama has been selling 'Fante kenkey' for some time now. She helps her husband in taking good care of themselves and the children. Her loan will be used to buy more maize to prepare 'kenkey' for distribution. She hopes to use the new income from her business to save if possible to operate a 'kenkey' factory where she would produce and distribute to customers.
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.