Efua is divorced with four children. Even though she did not receive a formal education, Efua is a successful businesswoman. She sells local medicine in Asamaso (near Cape Coast). She has been actively involved in this business for about five years.
As the sole breadwinner, Efua uses her income to provide for the entire family. She will use this loan to purchase ingredients to make more medicine to improve her overall sales. With profits from her expanded business, Efua plans to further diversify the type of products 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.