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Sakoma
Sakoma, age 37, is single with no children but he does support one person. He opened a grocery store near his home 11 years ago. His small business is running smoothly thanks to his vast experience in this activity and to his growing customer base.

He is seeking this loan to strengthen his working capital. He will diversify his merchandise (mineral water, sugar, sweets, etc.), and hopefully raise his profit margin.

Sakoma plans to reinvest part of his profits in his activity to meet the needs of his clientele, while the other portion will be used to provide for his family.
Sakoma est un homme celibataire de 37 ans sans enfant, mais il a une personne a sa charge. Il a ouvert une alimentation pres de son domicile qu'il gere depuis 11 ans deja. Son petit commerce fonctionne grace a longue experience dans ce domaine et la clientele qu'il a acquis avec le temps. Il solicite ce credit pour renforcer son petit fond de commerce pour diversifier sa marchandise (avec de l'eau minerale,cartons de sucres, des friandise,...), et pouvoir augmenter sa marge bénéficiaire. Sakoma réinvestira une partie de son bénéfice dans l’activité pour couvrir les besoins de son secteur et l'autre partie lui permettra de s'occuper de sa famille.

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

  • $2,421
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,176,425
    Funds lent in using Kiva
  • 520.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Sakoma to buy cartons of sugar and pallets of mineral water.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Jul 4, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013