Ekua is a single parent and has two children. She sells maize and gari (a flour made from cassava roots) at Krofofrodo near Abura. Pictured in front of Ekua is the maize she sells. She has been selling maize and gari for 10 years now.
As a single parent, Ekua uses her income to feed, clothe, and pay the school fees of her children. Ekua need this loan to purchase bags of maize and gari to sell. With the new profit, Ekua wants to acquire large quantities of maize to distribute to retailers.
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.