Efua sells banku (a ground corn and cassava dough eaten with a variety of different soups and sauces) in Enyinase near Elmina. Efua has received no formal education. She is single and has four children. Efua has been selling banku for the past five years now. She is responsible for paying her family's expenses alone. Her loan will be used to buy more corn and cassava to prepare banku for sale. She hopes to use the new profits from her business to invest in her banku-making enterprise and grow her business.
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.