Abena produces 'kenkey' (fermented maize dough) in large quantity and distributes the balls of 'kenkey' for sale at Abura. In the picture Abena is removing the cooked kenkey from the pot. Abena has done this for three years. She is married with seven children. She uses her income to assist her husband to pay their accommodation bills. Abena will use her loan to purchase bags of maize and banana leaves as wrapping for her 'kenkey' production. With the new profit, Abena 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.