Araba earns an income by preparing and selling "banku," a traditional Ghanaian dish made using fermented corn or cassava dough that is mixed proportionally and cooked in hot water into a smooth, whitish, consistent paste. She normally sells her banku in Emissakrom, near Cape Coast, where she lives with her husband and their three children. Her husband is a farmer.
Araba has been engaged in her business for about six years, and she uses her income to help her husband to support the family's basic expenses and to pay the children's school fees. Araba has had some form of formal education as she is a junior secondary school graduate, and she is determined to ensure that all her children receive an education.
She plans on using her loan funds to purchase an increased quantity of cassava and maize, thus allowing her to meet rising customer demand.
She intends to use the expected profits from her enterprise to develop her business further and to support her children's education.
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.