Aba sells the traditional staple dish kenkey in Nkontrodo near the town of Elmina. Kenkey is a fermented maize dough that is a local favorite of many Ghanaian's. Aba has been selling kenkey for the past three years now.
Aba is a widow and has four children. As a single parent, she is responsible for the general up-keep of her children and so uses her income to support her family and create a comfortable life for them. Whatever she has left, she saves for the future and reinvests in the business.
Her loan will be used to buy maize for her corn dough and other necessary ingredients to produce her kenkey recipe. She hopes to use the new profits to expand her business and meet her customers demands for her tasty dish.
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.