Ekua grew up in poverty without an education but this has not stopped her from fulfilling her dream of achieving a better life for her and her family. Currently, she is an entrepreneur, running a general store in Esiam, near Cape Coast. She uses the income from her business to help her husband raise their eight children. Her business has grown substantially since she started it seven years ago. Ekua has identified growing customer demand but is unable to meet it due to her limited inventory capacity.
Ekua is requesting a loan to purchase more products to sell. With the profit from her loan, she wants to buck the trend by ensuring that all of her children will be given the opportunity to further distance their family from poverty.
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.