Stella is married and has seven children. She has never been to school. Stella is food vendor who cooks and sells a variety of dishes at Wegbe, Hohoe, as she has done for the past 11 years. Her main dishes are fufu and banku. Banku/akple is fermented corn/cassava dough mixed in proportion and cooked in hot water into a smooth whitish consistent paste. It is served with soup, stew, or a pepper sauce with fish. Fufu (also known as foofoo or foufou) is a paste made from starchy root vegetables put into a mortar and beaten smooth with a pestle. The malleable dough is served and eaten with a light tomato soup, groundnut soup, palm oil fruit soup, or another soup. Her husband is a farmer. Stella uses her income to give support to her husband in providing for the family. Stella will use the loan to buy bags of corn dough, bags of cassava, plantains, palm fruit, tomatoes, cartons of chicken and meat, and also to get extra hands to help with the cooking. With the new profits from her expanded business, Stella intended to save and reinvest so she can improve her profit margins.
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.