Due to difficult circumstances, Esi did not have access to any form of formal education, yet this has not stopped her from achieving her dream of becoming an entrepreneur. Even at 60 years of age, Esi still prepares and sells kenkey, which is a traditional Ghanaian dish made from corn dough and wrapped in banana leaves. She operates her business in Emissa Kro, near Cape Coast, and has been doing so for about two years. As a single woman, Esi uses all her income to support herself.
Esi will use the loan to purchase an increased quantity of maize, which will help her to produce more of her tasty kenkey.
Esi intends to use the expected profits from her expanded business to develop her kenkey enterprise further and be able to save for a rainy day.
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.