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Efua is married to a mason and she uses her income to help her husband pay the household expenses as well as save for a rainy day. As a junior high school graduate, Efua currently works as a hairdresser in Ankaful (near Cape Coast). With over five years of experience in this trade, Efua has seen an opportunity to expand her enterprise further. However, she does not have the working capital necessary to increase her quantity of stock. Thus she will use her loan to buy more haircare products, helping her to boost her overall sales. Efua wants to make her business self-sustainable as soon as possible. As a result, she plans to channel the new profits back into her enterprise.

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: ). 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
  • $11,565,250
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD