Daavi A. is a food seller from Ntranoa, near Elmina. She has been preparing and selling banku and konkonte for the past 26 years. Banku is fermented corn/cassava dough mixed proportionally and cooked in hot water into a smooth white paste, usually served with soup, stew or in a pepper sauce with fish. Konkonte is another type of staple made from powdered cassava.
Daavi is keen to expand her business. She plans to use the requested loan to purchase more ingredients so she can prepare a larger quantity of food for sale. She intends to reinvest additional profits back into her business for further growth. Daavi is married to an officer and they have five children. Her income helps to feed and educate their family.
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.