Efua is divorced and has two children. After successfully graduating senior high school, Efua is now an established businesswoman. She sells second-hand clothing in Mpeasem (near Cape Coast). She has been actively involved in this business for about six years. As the sole breadwinner in the family, Efua uses her income to provide for the entire family.
Efua will use the loan to purchase increased amounts of second-hand clothing, thus aiding her in improving her overall sales. With the new profits from her expanded business, Efua plans to diversify the types of products that she sells, hence, adapting to changing customers' 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.