Enyonam is a food vendor at Wegbe, Hohoe, Ghana. She prepares and sells waakye, a local Ghanaian rice and beans dish. Waakye is a very popular Ghanaian meal. It is often eaten as breakfast, lunch or supper and is normally eaten together with macaroni, wele (cow skin), gari (roasted cassava mash), salad with pepper sauce, tomato sauce, fish, egg or meat. Enyonam had no education because her parents did not want to take her to school because she was a girl. She is married and has only one child. Her husband is a farmer. Enyonam has been selling waakye for three years. She plans to send her child to school, to the university level, so she wants to save the new profits from her business for the education of her child. The proceeds of her loan will be used to buy more bags of rice and beans, and oil by the gallon.
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.