Efua is married with five children; her husband is a mason. Efua operates a grocery shop at Elimina, which she has been doing for ten years. She uses her income to support her husband with paying the family's utility bills.
The items in her grocery shop are different kinds of soft drinks, milk, milo (a chocolate malt powder mixed with milk or water), sugar, soups, canned tomatoes, canned fish, biscuits, toffees, powdered milk, etc...
She will use her loan to purchase a variety of soft drinks to sell. With the new profit, Efua plans to expand 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.