Ekua A. runs a chop bar, which is a food stall, in Mfuom, a village near the town of Abura. She sells fish and other food items, including fufu, a starchy Ghanaian staple made from cassava. In the photograph, she is shown preparing fufu.
Married with four children, her income from the chop bar helps pay for her children's school fees and also the household expenses.
Ekua plans to grow her business and requires a loan to purchase more ingredients. This will allow her to expand her menu, which she hopes will keep her existing customers coming back and also attract new ones.
Any extra earnings will be reinvested into her business and the rest saved up for her children’s future.
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.