Mena sells oil, fried fish, and the fermented corn dough, kenkey, in Aburansa, near Elmina. Mena has received an education through a middle school level. She is married and has four children. Her husband is a tailor in their community.
Mena has been selling oil, kenkey, and fried fish for four years now. Mena is responsible for helping to support her husband in paying their children's school fees and other family expenses.
Her loan will be used to buy an increased quantity of corn, fish, and oil for the production of her prepared foods. She hopes to use the new profits from her business to expand her food production business, to meet her customers' demands.
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.