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Efua
Efua A. is married and has 8 dependants. She has received no formal education. Efua sells a special kind of doughnut. This type is larger in size, and the ingredients are flour, margarine, and sugar. She sells her doughnuts at Atonkwa near Elmina. Her husband is a pensioner. Efua uses her income to pay for her children's school fees and other utility bills.



Efua will use the loan to purchase additional capital to buy flour, margarine, and other ingredients for the preparation of doughnuts for resale. With the new profits from her expanded business, Efua plans to take care of the family's financial needs, which she has been struggling to meet, along with her husband.

In the picture, she is in the act of frying the 'Bofrot'.

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
  • 34
    View loans »
    Ghana Loans Fundraising
  • $11,582,250
    Funds lent in using Kiva
  • 1.2
    Ghana Cedis (GHS) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Efua efua will use the loan to purchaseb additional capital to buy more flour, margarine, and other ingredients for the preparation of doughnuts to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 22, 2008
Listed
Dec 20, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009