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Raymond Elysee
Elysée is a 38-year-old married father of four children whose ages vary between 6 and 25. Three of his children attend school. He is a merchant and opened a bar in his area of the capital city, which he has managed for three years. His business runs well thanks to the welcoming atmosphere and his experience, and he has obtained a faithful customer base that is growing with time. His only problem is a lack of stock in terms of drinks, thanks to the small amount of capital he has, which then forces him to buy at retail from the drink stores in the area. Thanks to this loan, he will be able to obtain supplies in bulk from a set of arranged suppliers, which will allow him to diversify his stock of drinks, satisfy his customers, and increase his profit margin. He will save a portion of the profits generated by this investment in order to pay for his children's education, and the rest will be reinvested in his business.
Elysée est un homme de 38 ans, marié, père de 04 enfants dont l'âge varie entre 06 et 25 ans, trois de ses enfants vont à l'école.Il est commerçant et a ouvert un bar dans un quartier de la capitale qu'il gère depuis trois ans. Son activité fonctionne bien grâce à son accueil chaleureux et sa petite expérience, il a conquis et fidélisé une clientèle qui s'accroît au fil du temps. Il a juste un problème d'insuffisance de son stock de boissons dû à la petitesse de son capital qui l'oblige à acheter en détail dans les dépôts de boissons du quartier. Grâce à ce crédit, il pourra s'approvisionner en gros auprès des fournisseurs agrées, ceci lui permettra de diversifier ses boissons, de satisfaire sa clientèle et d'augmenter sa marge bénéficiaires.Il économisera une partie des bénéfices générés par cet investissement pour payer la scolarité de ses enfants, le reste sera réinvestit dans son activité.

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
  • 520.1
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Raymond Elysee to buy cases of drinks.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2012
Listed
Sep 7, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013