Ama produces kenkey (fermented corn dough wrapped in corn or banana leaves) in large quantities and distributes it for sale at Efutu. In front of her are the dough and leaves. She is preparing the kenkey. Ama has done this for 15 years.
She is married and has five children. She uses her income to assist her husband in paying their accomodation bills. Ama will use her loan to purchase maize in bulk for the kenkey. With the new profit, Ama plans to expand 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.