Akoua M. cooks and sells kenkey, a dish that is similar to a sourdough dumpling. Kenkey is made from fermented corn. Akoua is divorced and has five dependents, and she sees to the well-being of her home.
Akoua has been selling kenkey in Takoradi for some time now. Her loan will be used to buy more maize to prepare kenkey for sale. She hopes to use the new profits from her business to educate her dependents.
In this photo, Akoua has not yet prepared kenkey for the day. She is showing the pot she uses for cooking.
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.