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Mama
Mama is a 31-year-old man. For the last 3 years, he has run a small shop where he sells cellular telephones. His business is successful thanks to its location and Mama's experience in this area of business, which have both allowed him to increase his customer base as time goes on.

Mama is requesting a loan to increase his stock of merchandise. This will allow him to avoid running completely out of stock - something he is often faced with due to his lack of capital which forces him to run through a substantial amount of his stock to have enough to be able to re-stock again. This will increase his sales and therefore his profits. Mama will reinvest a part of these profits into his business in order to expand it, and the rest will allow him to provide for the basic needs of his family.
View original language description ↓
Mama est un homme de 31 commerçant, il a ouvert une petite boutique dans laquelle il vend des téléphones et accessoires depuis 3 ans. son activité fonctionne grâce à son bon emplacement et son expérience dans ce domaine qui lui ont permis d'agrandir sa clientèle au fil du temps. Il sollicite ce crédit pour augmenter son stock de marchandises celà lui permettra d'éviter la rupture de stock à laquelle il est souvent confronté pour cause la petitesse de son capital qui l'oblige à faire écouler une bonne partie de son stock pour pouvoir s'approvisionner à nouveau. Ceci augmenter ses ventes et donc ses bénéfices. Il réinvestira une partie de ces bénéfices dans son activité pour l'agrandir et le reste lui permettra de 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

  • $2,400
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,180,425
    Funds lent in using Kiva
  • 519.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Mama to increase his stock of cell phones and accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2012
Listed
Sep 5, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013