Humid I. sells car parts like tires and food supplies like rice and groundnuts at Salt Pond near Cape Coast. Humid has received education through senior high school. He is married and has two dependants. His wife is a trader. Humid has been selling car parts and food supplies like rice and groundnuts since 1999. He is responsible for feeding his family and paying utility bills and school fees. His loan will be used to increase his capital to buy more car parts and food supplies for sale at the market. He hopes to use the new profits from his business to care his family.
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.