Ekua A. sells 'kenkey' (balls of fermented maize dough) at Abura. Ekua has received junior high education. She is married and has two children. Her husband is a mason. She assists her husband in the payment of school fees and utility bills. Her loan will be used to buy additional maize to prepare 'kenkey' for distribution. She hopes to buy a plot of land from her profit.
At the time of this visit, the maize to be used for the 'kenkey' was not ready. She is showing the soaked maize to be used for the 'kenkey'.
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.