Simowah Susana A. is a single mother of two. She has been making and selling kenkey at Kokowada near Elmina for the past 20 years. Kenkey is a staple in Ghanian diet made from fermented maize or cassava dough, and usually served with fried fish and pepper sauce.
To improve her earnings and provide for her children’s education, Simowah wishes to grow her food business. This loan will be used to purchase more maize and other ingredients to expand her food production. The extra profits will be saved for her children’s education.
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.