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Efua
Having grown up in difficult circumstances, Efua did not have access to any form of formal education. Even so, this has not stopped her from achieving her dream of becoming an entrepreneur. Currently, Efua sells bread in Kokoado (near Cape Coast). She has been doing so for about five years. As a widow caring for three children, Efua uses all of her income to feed and provide for her family.

Efua will use the loan to purchase an increased amount of bread, which will allow her to increase her overall sales. Efua wants to use the future profits from her expanded business, to ensure that all her children are able to receive an education.

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
  • $11,440,650
    Funds lent in using Kiva
  • 2.0
    Ghana Cedis (GHS) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $500 helped Efua to purchase an increased amount of bread to resell.
99% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
Jun 8, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013