Adwowa is married and has three children. She has received no formal education. Adwowa sells second-hand clothing and makes kenkey (fermented maize dough) in Emissa Krom, which is near Cape Coast. She has been doing this for the past two years. Her husband is a farmer. Adwowa uses her income to pay for her children's school fees. Adwowa will use the loan to purchase maize in bulk. In the picture, she is washing maize in preparation for making kenkey. With the new profits, Adwowa 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.