In the picture, Efua is showing three pans that contain plastic bowls, hair creams, ladies slippers and spoons in Abura.
She is married and has three children. She has been in this retail business for six years. Her husband is a painter. Efua assists her spouse with paying utility bills and other household expenditures.
Efua will use the loan to purchase more of the above-mentioned items for resale. With the new profits from her expanded business, Efua wishes to build a shop for the products.
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.