Check out some available loans that are similar to this one!
Damaris
Damaris is a 43 year old woman, married and the mother of two children aged 9 and 16. As well as her own two children, who both attend school, she also cares for two additional people - her nephew and her niece. As a business, she buys fabric (white sheets) which she dyes in various colours according to the orders and wishes of her customers; she then sells the dyed fabrics.
She has been doing this for three years already. She is requesting this loan to buy fabric, and the materials she uses in the dye, so that she can increase production - and therefore income - in order to be better able to cover the costs of schooling her children, and to improve her living conditions.
View original language description ↓
Damaris est une dame âgée de 43 ans, mariée et mère de 02 enfants de 09 et de 16 ans. En plus de ses deux enfants qui vont tous à l'école, elle a également à sa charge deux autres personnes, son neveux et sa nièce. comme activité, elle achète des tissus (draps blancs) qu'elle teinte en plusieurs couleurs selon les commandes et les sollicitations des clients qu'elle revend par la suite. elle mène cette activité depuis 03 ans déjà. elle voudrait ce crédit pour acheter des tissus et des produits qu'elle emploie dans la teinture pour augmenter sa capacité de production et par conséquent ses revenus afin de mieux assurer la scolarité de ses enfants et améliorer ses conditions de vie.

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
  • 540.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Damaris to purchase fabrics and dyes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2012
Listed
Jul 28, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013