Aba sells kenkey (a corn dough, often wrapped in a corn husk) in Batanya near Cape Coast. In the picture above Aba is showing part of the kenkey preparation process; the corn is first washed and soaked, then milled into dough and molded into balls. It is then wrapped in the corn husk and cooked.
Aba has been preparing kenkey in this way for the past 10 years. Aba has 6 children and uses her income to take care of the children and pay for the family's accommodation and utility bills. Aba will use the loan to purchase more corn to prepare kenkey to sell. With the new profits from her business, Aba will expand her kenkey selling 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.