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Magellan Robert
Magellan is a 37-year-old man who is engaged and the father of 3 children aged between 2 and 8. Two of his children already attend school. Magellan is a retailer and has been selling mobile phones and accessories for 3 years in one of the districts of the economic capital. The sale of mobile phone accessories is a profitable area of business, but Magellan faces the problem of having insufficient inventory with which to fulfill demand, as his capital does not enable him to restock quickly enough for the customers who are left waiting. This is a problem which is causing his sales and customer numbers to progressively diminish. He would therefore like this loan so that he is able to buy a large amount of phone accessories and avoid stock shortages, which will will enable him to respond to customer demand and raise his profits. The profits will allow him to develop his business and, above all, to meet his family's needs.
Magellan est un homme de 37 ans,fiancé,père de 03 enfants dont l'âge varie entre 02 et 08 ans.Deux de ces derniers vont déjà à l'école.Il est commerçant dans un quartier de la capitale économique depuis 03 ans où il vend des accessoires téléphoniques et des téléphones portables. La vente d'accessoires téléphonique est une activité qui fonctionne bien,mais cependant il est confronté à un problème d'insuffisance de son stock par rapport à la demande, car son capital ne lui permet pas de renouveler rapidement ce stock lorsque celui-ci est en alerte afin de satisfaire la clientèle en attente.Problème qui crée une baisse progressive de sa clientèle et de ses ventes.Il voudrait donc ce crédit afin d'acheter des accessoires téléphoniques en grande quantité ce qui lui évitera les ruptures de stock , répondra à la demande de ses clients et augmentera ses bénéfices.Bénéfices qui lui permettront de développer son affaire et surtout de subvenir aux besoins 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
  • $1,161,000
    Funds lent in using Kiva
  • 540.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Magellan Robert to buy mobile phone accessories (batteries, chargers, smart cards).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2012
Listed
Jul 28, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013