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Alfred
Alfred is the 46-year-old single father of an eight-year-old child who attends school. He opened his own bar 13 years ago, and continues to run it in a quarter of the capitol. His business functions well due to Alfred's warm manner and his experience, both of which have enabled him to gain a large clientele.

However, the significant growth of his customer base means that it has become difficult for him to meet demand. This is due to a lack of capital, which has lead to his request for a loan. This loan will allow Alfred to increase the number of cases of bottled drinks he keeps in stock, which will help him not only to satisfy the demand of his customers but also to increase his sales and income. He will reinvest a portion of his income into his business, and the rest he will use to meet the daily needs of his family.
View original language description ↓
Alfred est un homme de 46 ans,célibataire,père d'un enfant de 8 ans qui va à l'école.Il a ouvert et gère un bar dans un quartier de la capitale depuis 13 ans déjà.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 moment pour son activité,car il l'aidera à augmenter le nombre de casiers de boissons ce qui lui permetrra non seulement de satisfaire sa clientèle ,mais d'augmenter ses ventes et ses bénéfices.il 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

  • $2,421
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,168,400
    Funds lent in using Kiva
  • 523.1
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Alfred to increase his supply of cases of bottled drinks.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 3, 2012
Listed
Sep 6, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013