Mary Kondua Ajoa M. prepares porridge at Elmina. She serves it with sugar, milk, and bread. She is married and has three children. Her husband is a cashier. She assists her husband in the payment of school fees and utility bills.
Her loan will be used to acquire extra bags of maize to be able to produce in a larger quantity for sale. She hopes to use the new profits from her business to buy a plot of land.
The mortar and pestle in the photo are what she uses to pound the maize before sending it to the mill.
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.