Ama is a widow and has 4 children. She has received no formal education. Ama sells the local favorite dish, fante kenkey, in Peofofordo near Abura, which she has done for the past 45 years. Fante kenkey is a mashed, fermented, corn dough that is usually wrapped in banana leaves and sold in local markets.
Ama uses her income to support herself and help her adult children whenever she can. Ama will use the loan to purchase an increased quantity of corn to prepare her fante kenkey recipe. With the new profits from her expanded business, Ama plans to grow her fante kenkey enterprise.
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.