Trim off and discard excess fat from the meat, and cut into 1-inch pieces. Brown on all sides in the hot oil in a heavy saucepan.
Combine the next 7 ingredients in a medium-size saucepan and bring to a boil. Pour the mixture over the meat. Add the cinnamon. Stick the cloves in one of the onions and add to the pot. Cover and simmer on medium-low until the meat is almost tender, about one and one-half hours. Peel the remaining onions and add. Continue cooking another 30 to 40 minutes. Remove the cinnamon sticks and the clove-studded onion before serving.
Makes 6 servings.