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Efia
Even though Efia grew up in poverty without an education, it has not stopped her from fulfilling her dream of achieving a better life for her and her family. She is an entrepreneur selling cooking ingredients in Ohiaba (near Cape Coast). Her business has grown substantially since she began 18 years ago, and Elfia uses her income to help her husband raise their six children.



Efia has identified growing demand for her product but cannot meet it due to limited inventory capacity. She will therefore use this loan to purchase more cooking ingredients to sell. With the new profits from her expanded business, Efia wants to ensure that all her children will be given the opportunity to further distance their family from poverty.

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
  • $11,428,350
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Efia to purchase more cooking ingredients to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
May 10, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013