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Hippolyte
Hippolyte is a young man, 27 years old, who is unmarried and without children. He has been a poultry farmer in a suburb for four years already. He buys chicken eggs which he incubates until they hatch. He raises the young chicks until maturity and then resells them. His ambitious character enabled him to put his all into starting this business, resulting in a considerable increase in the number of chicks in not many years.

But these numbers have been difficult for him to manage given his slight capital preventing him from stocking up appropriately on feed for his hens, which have shrunk significantly in number over time.

He would therefore like this loan to buy sacks of "provende", corn, and soybeans enabling him to feed his chicks well, better allowing him to sell them over the holidays, and thus increasing his profits. The profits will enable him not only to grow and extend his business with the goal of becoming a major poultry farmer but also to support himself day to day.
View original language description ↓
Hippolyte est un jeune homme de 27 ans, célibataire,sans enfant.Il est un éleveur de poulets dans une banlieue depuis 04 ans déjà.Il achète des oeufs de poulets qu'il incube jusqu'à éclosion et élève les jeunes poussins jusqu'à maturité pour les revendre.Sa qualité d'ambitieux lui a permis de se lancer à fonds dans son activité, d'où l'augmentation considérable de son effectif de poussins en peu d’années.Effectif qu'il a du mal à gérer vu la petitesse de son capital qui l'empêche de s'approvisionner convenablement en aliments pour ses poulets ce qui crée à la longue une diminution considérable de ceux-ci.Il voudrait alors ce crédit pour pouvoir acheter des sacs de provende,maïs,soja, qui lui permettront de bien nourrir ses poussins afin de pouvoir mieux les vendre pendant les fêtes ce qui augmentera par conséquent son bénéfice.Bénéfice qui lui permettra d'une part d'agrandir et d'étendre son activité dans le but de devenir un grand éleveur et d'autre part de subvenir à ses besoins quotidiens.

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
  • $1,173,050
    Funds lent in using Kiva
  • 529.7
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Hippolyte to buy sacks of corn and soybeans.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2012
Listed
Jul 8, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013