Efua is married and has 5 children. She uses her income to support her husband in paying their children’s school fees.
Efua sells maize porridge and doughnuts in the markets in and around Elmina. Efua has been selling these tasty breakfast treats for the past five years.
Efua will use her loan to purchase bags of maize in large quantities for her porridge. She will also use part of her loan to purchase a larger quantity of flour, sugar, and cooking oil for her doughnut enterprise.
With the new profits from her developing businesses, Efua will expand her trades further.
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.