Mary is a food vendor. She prepares and sells Ga-kenkey, a dish she serves with fried fish and vegetable sauce. She has been engaged in this business for three years. She and her husband live with their three children at Apowa, near Takoradi. Her husband works as a driver. She uses her income to assist her husband in supporting the family and paying the children’s school fees.
Mary's loan will be used to purchase bags of maize and fish, which she uses in preparing her kenkey.
She intends to use the new profits from her business to create a place for her customers to eat.
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.