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Dominique
Dominique is a young woman, who is 27 years old, married and mother to three children who all go to school. She has a small shelter not far from her home, where she has been selling cell phones and accessories for the past year. Her small capital does not allow her to buy sufficient goods and so she obliged to sell all her stock each time before getting more in; this means that she has a permanent lack of stock. She is requesting this loan so that she can increase her capital and thus her stock; this will enable her to renew her stock before she has totally run it down; She will reinvest part of her profits in her shop and save the rest for the beginning of her children's next school year.
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Dominique eest une jeune femme de 27 ans, mariée mère de trois enfant qui vont à l'école. Elle gère une petites structure pas très loin de son domile dans laquelle elle vend les téléphones portables et accessoires depuis un an. Son petit capital ne lui permet pas d'acheter assez de marchandises, elle est obligé à chaque fois de faire écouler tout son stock avant de s'en procurer un autre d'où sa rupture permanente de stock. Elle sollicite ce crédit pour pourvoir augmenter son capital et donc son stock, ce qui lui permettra de renouveller son stock sans attendre que l'ancien soit totalement écouler.
Elle réinvestira une partie du bénefices dans sa boutique et économisera l'autre pour les rentrées scolaires de ses enfants.

Additional Information

More information about this loan

This loan is part of ACEP Cameroun's new loan program targeting poor clients who require smaller loans thant ACEP normally disburses. The smaller loan size allows clients with micro-enterprises to borrow and repay the funds they need to grow. By supporting this loan, you are expanding financial access to entrepreneurs with very little starting capital, including many who have never taken out a loan.

About ACEP Cameroun

Agence de Crédit pour l’Entreprise Privée (ACEP) is Kiva's second Field Partner in Cameroon. Founded in 1999, ACEP has developed a strong lending methodology to serve entrepreneurs in Cameroon's urban centers such as Douala and Yaounde.

About Cameroon

  • $2,400
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,180,425
    Funds lent in using Kiva
  • 517.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Dominique to increase her stock of cell phones and accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2012
Listed
Jun 25, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012