Although she has received no formal education, Esi is an entrepreneur. She sells Kenkey (a traditional corn based dish that is wrapped in banana leaves) in Akonoma (near Cape Coast). She has been selling kenkey for two years. As a widow having to provide for four children, Esi uses her income to support the entire family.
Esi will use the loan to purchase more maize thereby allowing her to meet rising customer demands. With the new profits from her expanded business, Esi plans to enhance her business operations by venturing into newer markets.
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.