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Tchatchouang
Tchatchouang is a 62-year-old man and the father of seven children, from 6 to 24 years old. Three of his children still go to school. He also has three of his nephews to support. He has been a merchant in a district in the capital for eight years where he manages a bar. His business is operating normally, thanks to his warm accommodations and his experience, which enables him to capture a significant customer base.

However, the considerable growth of his customer base barely allows him to meet the demand because of his meager capital funds. And so the loan at this time is important for his business, since it will help him to increase the number of cases of drinks (50), which will enable him not only to meet customer demand but also to increase his sales and his profits.

He will reinvest part of his profits in his business, and the rest will enable him to meet the day-to-day needs of his family.
View original language description ↓
Tchatchouang est un homme de 62 ans,marié,père de 07 enfants dont l'âge varie entre 06 et 24 ans.Trois de ses enfants vont encore à l'école.Il a également à sa charge 03 de ses neveux.Il est commerçant dans un quartier de la capitale depuis 08 ans où il gère un bar. Son activité fonctionne normalement grâce à son accueil chaleureux et son expérience qui lui ont permis de conquérir une clientèle importante.Mais cependant,la croissance considérable de sa clientèle ne lui permet guère de satisfaire à la demande de celle-ci,ceci dû à la petitesse de son capital d'où l'importance de ce crédit en ce moment pour son activité,car il l'aidera à augmenter le nombre de casiers de boissons( 50) ce qui lui permetrra non seulement de satisfaire sa clientèle ,mais d'augmenter ses ventes et ses bénéfices.Elle réinvestira une partie de ces bénéfices dans son activité et le reste lui permettra de subvenir aux besoins quotidiens 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

  • $2,400
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,180,425
    Funds lent in using Kiva
  • 533.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Tchatchouang to buy 50 cases of drinks.
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:
Jul 17, 2013