Edith sells grains and also produces palm oil in Wegbe, Hohoe. Edith has received an education to the middle school level. She is a widow and has three children. Edith has been selling grains and producing palm oil for the past 11years.
To prepare her palm oil, she washes the palm fruit and boils them until they become soft and tender. She scoops the cooked fruit into a big mortar and gently pounds with a pestle to avoid damaging the nut. 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 scooped into yet another pot and left to cool.
Fresh oil from palm fruits is traditionally used in eating roasted yam or plantains in Africa – especially on the farms after a hard day's work. Palm oil is the preferred type of cooking oil because Ghanaians like its consistency and flavor. It is used in most traditional dishes.
She is responsible for all the general upkeep of herself and children. Her loan will be used to buy bags of beans, maize and palm-nut fruits. She hopes to save and use the new profits from her business to boost her working capital.
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.