Benedicta sells a traditional corn and cassava dough called banku in Eguafo near Elmina, Ghana. She has no formal education and is married with three children. Her husband is a farmer while Benedicta has been selling her banku recipe for some time now. She pays to support her husband with their family’s general accommodation bills. Her loan will be used to buy more corn and cassava to prepare banku. She hopes to use the new profits from her business to develop her banku enterprise further.
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.