Cynthia is a food vendor at Likpe Bakua, Hohoe. Cynthia has never had any formal education. She is married with three children. Her husband is a farmer. Cynthia has been cooking and selling kenkey for the past six years. Kenkey is a traditional Ghanaian meal which is made with corn flour and requires fermentation in order to create its unique flavor. It is produced by cooking fermented dough of corn/maize wrapped in maize husk and steamed. Kenkey can be eaten with various kinds of sauces such as pepper sauce, soup, and stew. It is often served with meat or fish such as fried or roasted fish, roasted chicken, and roasted turkey.
Cynthia being a married woman has the responsibility to assist her husband to provide food for their the home. Her loan will be used to buy to buy bags of maize, fried fish, tomatoes and pepper. She hopes to use the new profits from her business to reinvest into her business.
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.