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Fotso
Fotso is a 31-year old married man who has no children, but does have one dependant. Two years ago he opened a farm in one of the town's districts and he raises chickens here. The farm is developing as time goes on due to his know-how. Fotso has built up his customer base quickly due to his prices and above all the quality of his chickens; the significant increase in demand has led to continuous ruptures of stock and led to Fotso requesting this loan, which will enable him to increase his production, sales and profits. He will also be able to satisfy customer demand. He is going to reinvest all his profits in his business in order to expand it.
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Fotso un homme de 31 ans marié sans enfants, mais ayant une personne à sa charge. Il a ouvert une ferme dans laquelle il élève les poulets dans un quartier de la place depuis 2 ans. Elle évolue avec le temps grace à son savoir faire. Fotso a agrandi sa clientèle en peu temps grace aux prix pratiqués et surtout à la qualité de ses poulets, ce qui lui cause les ruptures permanentes de stocks dues à l'augmentation considérable de la demande. Ce qui l'emmène à solliciter ce crédit qui lui permettra d'augmenter sa production, ses ventes et aussi ses bénéfices.Mais aussi satisfaire sa clientèle. Il réinvestira tout son bénéfice dans son activité pour l'étendre.

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
  • 531.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Fotso to buy baskets of chickens.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2012
Listed
Aug 15, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2013