Florence cooks kenkey for sale. (Kenkey is fermented corn dough wrapped in corn or banana leaves.) She serves it with fried fish, pepper and tomato sauce at Enyinase, near Elmina. She is married and has six dependents. Her husband is a contractor. Florence has been into this business for five years now. She uses her income for the gerneral upkeep of their children. Florence will use her loan to purchase bags of maize and fish which she uses in preparing her kenkey for sale. She hopes to use the new profits from her expanded business to mount a better stall for the sale of her kenkey.
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.