This picture was taken on one of Hannah's normal rounds selling "kenkey" (fermented corn dough balls). Hannah A. has received junior high level of education. She is a single parent taking care of three children. Hannah has been selling "kenkey" and fried fish for 10 years. She singlehandedly takes care of her family with the income she makes from her sales. A loan will go a long way to boost her kenkey business. The new profit will be reinvested into her business.
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.