Aba M. is a single parent taking care of three children. She sells Fante kenkey at Abura. (Kenkey is a staple made from boiled maize flour.) Aba has been selling kenkey for ten years. She responsibly sees to the well-being of her home. Her loan will be used to buy more maize to prepare kenkey for sale on a larger scale. Aba anticipates of using the new profits from her business to educate her children.
In this photo, Aba is showing a few of the kenkey she had made ready to be cooked.
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.