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Isaac
Isaac is a young man aged 29, who is a married father of a 2-year-old child. He also has another person under his care. He has worked in a market in the capital for 12 years, where he sells onion and garlic on a retail basis. His retail sale business has done fairly well, and his fighting spirit and experience have brought him a significant amount of customers over the years.

However, in light of the constantly growing demand from his customers, he would like to start working in wholesale, while keeping his retail business going. This is why he has requested this loan, which will allow him to buy bags of onion and garlic wholesale. This will increase not only his sales, but also his profits. He will reinvest part of these profits to expand and diversify his business, and will use the rest to help provide for his family.
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Isaac est un jeune homme de 29 ans,marié,père d'un enfant âgé de 02 ans.Il a également sous sa charge une autre personne.Il est commerçant dans un marché de la capitale depuis 12 ans déjà où il vend des oignons et ail en détail.la vente en détail est une activité qui lui réussit assez bien,car sa qualité de battant et son expérience lui ont permis d'avoir au fil des années une clientèle importante.Mais cependant au vue de la demande de plus en plus grandissante, il voudrait se lancer dans la vente en gros sans pour autant laisser le détail.C'est donc pour cela qu'il sollicite ce crédit car cela lui permettra d'acheter en gros des sacs d'oignons et ail afin de revendre tant en gros qu'en détail,ce qui augmentera non seulement ses ventes mais également ses bénéfices.Il réinvestira une partie de ces bénéfices dans son activité en vue de l'agrandir et de la diversifier et l'autre partie l'aidera à 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
  • $1,168,400
    Funds lent in using Kiva
  • 533.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Isaac to buy bags of onions and garlic.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 2, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013