Efia Constance Antwi M. is a single mother from Abrafo village, near Abura. She supports her family and has one child. She sells palm oil. The process involves purchasing palm fruit, boiling it and then extracting the oil to sell. She has been in this business for two years. Efia Constance was educated up to a junior high school level.
Her dream is to provide her child with a good education. In order to do so, she needs to grow her business. Currently, most of her earnings go towards household expenses. She plans to use the loan to purchase more palm fruit. She will reinvest the profits into her business and start saving up for her child’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.