Ekua O. trades in secondhand bedsheets and towels in Elmina near Besease in Cape Coast. She is married and has three children. Her husband is a farmer. She assists her husband in paying for their accommodation and other household expenses.
Her loan will be used to buy bed sheets and towels to sell to meet the increasing demands of her customers. She hopes to use the new profits from her business to build a kiosk to sell in.
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.