Check out some available loans that are similar to this one!
Nicole Anette
Nicole is a 36-year old woman. She has children and is engaged to be married. For 15 years, she has been working as a vendor at the capital city’s market, where she sells produce (tomatoes, peppers, onions…) in season. This work allows her to help her partner to cover some everyday expenses. Her business is going well, but does not bring in a lot because she buys her wares at retail prices before reselling. Thanks to this loan, Nicole will be able to buy wholesale (crates of tomatoes, strings of onion etc). This will lead to an increase of her sales and thus her profit margin. She will save part of her revenues in order to help her fiancé with the education expenses for their children, and the rest will be reinvested in her business in order to grow it further.
View original language description ↓
Nicole est une jeune femme de 36 ans fiancée, mère d'enfants. Elle est commerçante dans un marché de la capitale depuis 15 ans ou elle commercialise les vivres frais (tomates, poivrons, et oignon...) en fonction des saisons. Cette activité lui permet d'aider son conjoint à resoudre certaines petits besoins quotidiens. son activté fonctionne normalement, mais ne rapporte pas beaucoup parce qu'elle achète sa marchantise en détail pour la revendre. grace à ce crédit, nicole pourra s'acheter ses marchandises en gros( des cajots de tomates, des filets d'oignons. ceci augmentera ses ventes et donc sa marge bénéficiaire. Elle économisera une partie de ce benefices pour aider son fiancé avec la scolarité de leurs enfants et le reste sera réinvesti dans son activté 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
  • 510.0
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Nicole Anette to buy crates of tomatoes and strings of onions.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2012
Listed
Sep 15, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013