Efua prepares and sells both banku & accra kenkey, (two traditional Ghanaian staple dishes made primarily from cassava and maize, respectively). Normally, she can be found selling in the town of Emissakrom (near Cape Coast). She has been involved with this business for the past five years. Her husband is a farmer. Efua uses her income to help her husband pay for the general household expenses.
Efua will use the loan to purchase more maize and cassava, which will help her prepare more banku and kenkey to sell. With the new profits from her expanded business, Efua plans to continue to support her husband in providing for themselves.
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.