Due to her difficult circumstances, Efua did not have access to any form of formal education, yet this has not stopped her from achieving her dream of becoming an entrepreneur. Currently, Efua sells rice and soap in Egyirfa (near Cape Coast). She has been doing so for about three years. She is married to a farmer. Efua uses all her income to feed and provide for her family. Efua will use the loan to buy more rice and ingredients to make her local soap, which will help her to improve her sales. Efua wants to use the future profits to expand her business.
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.