Efua is an entrepreneur, although she has received no prior formal education. She is married and has four children. Her husband works as a blacksmith.
Efua prepares and sells ‘Wakye’ (a traditional Ghanaian dish made primarily from beans, rice and colored leaves) and can be found selling it in Onyaadze (near Cape Coast). She has been involved in this enterprise for 12 years. The proceeds from her ‘Wakye’ business normally go towards helping her husband cover the family’s general expenses and pay their children’s school fees.
Efua will use the loan to purchase increased amounts of rice and beans, thus aiding her to improve her overall sales. With the new profits from her expanded business, she plans to further diversify the type of products that she sells, hence adapting to changing customer preferences.
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.