For the past four years, Abena G. has been selling gari and kenkey in her village Mfuom, near Abura town in the Central Region. Gari is a Ghanaian staple painstakingly made from cassava and can be eaten in a variety of ways. Kenkey is another staple made from fermented cassava and corn dough.
Abena is married and has six children. Her sale of gari and kenkey supplements her husband’s income as a farmer. She helps pay the cost of sending their children to school – mainly school uniforms and books, and also some of the utilities bills.
In order to save up for higher education fees for her children, Abena needs to increase her earnings. To do so, she plans to expand her business with her loan from Kiva. With it she will purchase more cassava, corn, and other ingredients to prepare more food for sale. Part of the anticipated extra earnings will be put back into the business to grow it further and the rest will be saved for her family’s future.
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.