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Roland
Roland is a 46-year-old man who is the father of five children, from 5 to 22 years old, of whom three are still in school. He also has one other person to support. He is a merchant and has opened a sewing supplies store that he has been running for ten years. His business is doing well. His customer base is growing over the course of time, thus the importance of this loan, which will give him the opportunity to expand his business by increasing his stock of merchandise, namely 'pagnes' (the colorful cloth of western Africa) in bulk and spools of thread, as well as sundry supplies for making clothing. He will reinvest part of his profits into his business. The rest will be saved for his children's education.
View original language description ↓
Roland est un homme de 46 ans marié père de 5 enfants dont l'age varie entre 5 et 22 ans, trois de ses enfants vont encore à l'école. Elle aussi une personne à sa charge. Il est commerçant et a ouvert une mercerie qu'il gère depuis 10 ans. son activité fonctionne bien sa clientèle s'agrandit au fil du temps d'où l'importance de ce crédit qui lui donnera l'opportunité d'agrandir son activité en augmentant le stock de ses marchandises à savoir acheter les tissus pagnes gros et les bobines de fils ainsi que le petit matériel nécessaire pour la coutures. il réinvestira une partie des bénéfices que lui apportera ce crédit dans son activité le reste sera économisé pour la scolarité de ses enfants.

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
  • 533.5
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Roland to buy 'pagne' cloth in bulk and spools of thread.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2012
Listed
Aug 13, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013