Efua sells cassava and palm fruits at Asafora, near Cape Coast. She has been selling these staple foodstuffs for 13 years now.
Efua is a widow and has four children. She uses her income to feed and clothe her children and pay their school fees.
Efua will use her loan to purchase more foodstuffs like cassava, plantain, and palm fruits to sell in the markets.
With the new profit from her loan, Efua will 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.