Hannah S. is married and has 6 dependents. She completed senior high school. Since 2004, Hannah has sold a local meal known as 'Kenkey', which is made out of corn. It is one of the most commonly eaten foods in the country and it is normally eaten with hot sauce and fried fish. Her husband is a trader. Hannah uses her income to take care of her children's financial needs. Hannah will use the loan to purchase more maize, fresh fish and other ingredients so she can prepare more food for sale. Hannah plans to reinvest her new profits into the business to improve her capital base.
In the picture is a sample of the local 'Fante Kenkey'.
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.