Humphery is married and has four children. He has received schooling through basic school to the O level. Humphery is a food stuffs dealer - a middle man at Ve-gbodome, Hohoe - which he has done for 11 years now. His wife is a petty trader also at Ve-gbodome. Humphery is responsible for all the financial needs of the family. Humphery will use the loan to purchase more food stuffs from the local farmers to sell to market women in the big towns. With the new profits from his expanded business, Humphery plans to save enough to improve his 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.