Esi sells kenkey (fermented maize dough) in Emissa Krom, near Cape Coast. Esi has received a junior high school education. She is married and has 3 children. Her husband is a carpenter.
Esi has been selling kenkey for the past three years. She is responsible for helping her husband pay for household expenses. Whatever she has left, she saves for the future and reinvests in the business. Her loan will be used to buy maize for the production of kenkey. She hopes to use the new profits 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.