Agnes M. is married to a blacksmith and has 5 dependents. She has received schooling through junior high school. Since 1994, Agnes has been selling a local meal popularly 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 at Ataabadze near Elmina. Agnes uses her income to assist her husband in meeting the family's financial needs. Agnes will use the loan to increase her purchase of maize, fresh fish and other ingredients which she uses to prepare the Kenkey. With the new profits from her expanded business, Agnes plans to invest in her children's education.
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.