Efua is married and has six children. She sells jewelry and fante kenkey (a foodstuff made from fermented maize dough) at Elmina. Her husband is a sprayer. Efua assists her husband with the income she makes from her sales by providing food for the family. The loan when received will be invested into the fante kenkey business by buying more bags of maize. Her future plan is to build a restaurant. Close to Efua in the photo are some dried plantain leaves for the kenkey. In the bowl of water is the soaked maize that will be milled into dough.
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.