Married to a social welfare worker and the mother of six children, Esi has been selling kenkey (a traditional corn-based dish that is wrapped in banana leaves) in Akonoma, near Cape Coast, for 10 years. Esi, who received no formal education, is responsible for helping her husband pay their general bills and their children's school fees.
Esi's loan will be used to purchase more corn, thus allowing her to prepare more kenkey. She hopes to use the new profits arising from her business to expand her 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.