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Ekua
Although she has received no formal education, Ekua is an entrepreneur. She specializes in preparing and selling banku. Banku is a traditional Ghanaian dish, made using fermented corn/cassava dough, which is mixed proportionally and cooked in hot water into a smooth, whitish, consistent paste. She is usually found operating in her village of Emissakrom (near Cape Coast). She has been involved in this enterprise for 15 years.

Ekua is married and has six children. Her husband works as a carpenter. The proceeds from her business normally go towards helping her husband cover the family’s general expenses and pay their children’s school fees. Ekua wants to use her loan to purchase an increased quantity of maize and cassava which in turn will allow her to sell more of her tasty banku. In the long term, Ekua plans to reinvest future profits into her business, thus helping her expand and meet the needs of rising customer demand.

Additional Information

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.

About Ghana

  • $3,500
    Average annual income
  • 22
    View loans »
    Ghana Loans Fundraising
  • $11,440,650
    Funds lent in using Kiva
  • 1.9
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Ekua to purchase an increased quantity of maize and cassava, which in turn will allow her to sell more of her tasty banku.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2013
Listed
Apr 4, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013