Efua Kwame B. is married and has eight dependents. Her husband is a farmer. She buys and resells mortars and pestles for sale. She also sells sugar, which she has been doing for 10 years.
Efua uses her income to assist her husband in the payment of school fees and utility bills. Efua will use the loan to purchase more mortars and pestles for resale. Efua plans to reinvest back into her business the new profits from her expanded business.
In the picture is Efua with a mortar. This type of mortar is what Ghanaians pound palm fruits with when preparing palm-nut soup.
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.