Abena prepares corn dough, kenkey, for sale in the markets in and around Elmina. In front of Abena is a large batch of the corn dough she prepares. She will cover small portions of the corn dough with banana leaves and sell these smaller packages to customers. This is the traditional kenkey recipe and the way Abena's mother made her kenkey when Abena was a child. Abena is married to a farmer in her community and they have nine children together. She uses her income to support her husband with the general upkeep of their family. Abena needs this loan to purchase larger bags of maize and banana leaves for her kenkey production. With the new profit Abena will 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.