Maame Ekua is married and has 3 children. She specializes in extracting palm oil which she subsequently sells at Eguafo (near Elmina). She has been doing so for some time now. Her husband is a tailor. Maame Ekua uses her income to assist her husband in caring for their 3 children.
She will use her loan to buy an increased quantity of palm fruit and palm kernel, allowing her to extract more oil to sell. With the new profits, Maame Ekua plans to expand her business further as well as ensuring that all her children receive an education.
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.