Efua A. sells salt; she goes to the market to buy it in large quantities and sells it in smaller quantities at Elmina near the new market. Efua has no educational background. She is married and has four children. Her husband is a teacher.
Efua has been selling salt in the market since 2000. She supports her husband in the payment of school fees and apartment rent. Her loan will be used to buy more sacks of salt to sell. She hopes to save the new profits from her business to further 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.