Although she has received no prior formal education, Bernice is an entrepreneur. She prepares and sells fish and ‘Kenkey’ (a traditional Ghanaian dish made from corn dough and wrapped in banana leaves). She can be found selling ‘Kenkey’ in Asafa (near Cape Coast). She has been involved in this enterprise for 10 years. Bernice is married and has 3 children. Her husband works as a mason.
The proceeds from her ‘Kenkey’ business normally goes towards helping her husband cover the family’s general expenses and to pay their children’s school fees. Bernice will use this loan to purchase increased amounts of maize, thus aiding her to improve her overall sales. With the new profits from her expanded business, Bernice plans to further diversify the type of products that she sells, hence adapting to changing customer preferences.
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.