Rose is a married woman with four children. She is into palm oil production in Wegbe, Hohoe, which she has done since 2008 after she got married and realized her husband's finances alone couldn’t keep the home going. Her husband is a driver. Rose uses her income to assist in catering for the home. Rose will use the loan to purchase firewood and heads of palm fruit. With the new profits from her expanded business, Rose plans to save and acquire a bigger pot for larger production. To prepare palm oil locally, she washes the palm fruit and boils it until it becomes soft and tender. She scoops the cooked fruit into a big mortar and gently pounds it with a pestle to avoid damaging the nut. She then scoops the pounded fruit into a bowl. Water is then added to the pounded fruit. The mixture of water and the pounded fruit is squeezed and filtered to get the juice out and the chaff removed. The chaff is sometimes used by the local people to light charcoal fires. The juice is boiled again and as it boils, the fresh oil will float to the surface of the pot. The oil is fetched from the surface, put into another pot, and left to cool.
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.