Ekua lives together with her husband and three children in Asafora near Cape Coast. She sells a variety of foodstuffs including maize, corn dough and also fried fish. Ekua has been selling food for the past 10 years now. She uses her income to assist her husband in paying their family's utility and accommodation bills.
Ekua will use her loan to purchase large bags of maize for her corn dough and also to buy more fish to fry and sell. With the new profit from her expanded business, Ekua wants to expand her business further in the future.
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.