Aba sells kenkey (fermented maize dough) at Dompoase, near Elmina. She is a single parent, who has seven children. Aba has been selling kenkey for the past five years. As a single parent, she is responsible for the general up-keep of her children, and so she uses her income for that. Whatever she has left, she saves for the future or reinvests in the business. She will use her loan to buy maize, for the production of kenkey to sell. 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.