Aunty S. is married with five children. Her husband is a security guard. For the past 10 years, Aunty S. has been making and selling kenkey, which is a popular Ghanaian staple made from fermented corn dough. Alongside her kenkey business, she also runs a provisions stall, where she sells food items such as salt and condensed milk, as shown in the photograph. Her income helps supplement her husband’s earnings, and she contributes to the payment of household expenses. She would like to increase her provisions business and so will use the loan to purchase more provisions to sell. She plans to build a provisions shop from her increased capital.
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.