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Moise
Moise is a 24-year-old married man, who has three children aged between 8 months and 5 years. One of his children goes to school. He is a carpenter, and has a workshop in the capital which he has run for the past 12 years. His know-how and experience have allowed him to build up a large, loyal customer base over time.

However, Moise’s low capital does not allow him to manufacture several pieces of furniture to put on display in his workshop window to attract customers (and to sell this furniture). This is why he has requested this loan to buy wood, planks and upholstery to make furniture. Part of the profits he will receive will help him to provide for his family and save for his children’s education. He plans to reinvest the rest in expanding his business.
View original language description ↓
Moise est un homme de 24 ans marié père de 3 enfants dont l'age varie entre 8 mois et 5 ans, l'un deux va déjà à l'école. Il est menuisier et a ouvert un atelier dans la capitale qu'il gère depuis 12 ans. Son savoir faire et son expérience lui ont permis d'agrandir et fidéliser sa clientèle au fil du temps. Mais le petit capital de Moise ne lui permet pas de fabriquer plusieurs meubles et de les exposer sur la dévanture de sa structure pour attirer la clientèle et pour vendre aussi. C'est pour cela qu'il sollicite ce crédit pour acheter du bois, des planches et tapisseries pour meubles. Le bénéfice que ça lui apportera l'aidera en partie à subvenir aux besoins de sa famille, d'économiser pour la scolarité de ses enfants et le reste sera réinvesti dans son activité pour l'agrandir.

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
  • 523.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Moise to buy planks of wood and upholstery to make furniture.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2012
Listed
Aug 31, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013