Ekua B. is a widow. She has four children. As the family’s sole breadwinner, she earns her income by selling food items such as cowpeas (as shown in the photograph). She is keen to expand her business and will use her loan to purchase more cowpeas, ripe plantain and palm oil. She hopes this will increase her sales. Additional profits will be reinvested back into her business.
Ekua has been in her current business for the past 2 years and she plies her trade in Besease Village, which is near the fishing town of Elmina.
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.