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Charles
Charles is a 37-year-old man, married, with a family. For the past three years he has been managing a small grocery store which he opened in one of the neighborhoods of the capital city. Thanks to this shop, he is able to provide for his family.

Thanks also to his expertise in his field, to his warm welcome and good neighborly relationships, he has managed to attract a very large group of customers. However, an increasingly large customer base means that the demand from his customers now exceeds his supply capacity. This is the reason why he is in need of a loan to carry out his activity.

This loan will help him to buy staple products such boxes of soap and sugar, bags of rice and (bouillon) cubes. This, in turn, will allow him to adequately meet his customers' needs, increase his sales and his profit margin.

Since Charles' dream is to run a large grocery store, he will reinvest part of his profits in his business, with a view to expanding it. The remaining part will be used to support his family, whom he cares for.
View original language description ↓
Charles est un homme de 37 ans, marié et père de famille. Il a ouvert une mini-alimentation qu'il gère depuis 3 ans dans un quartier de la capitale. C'est grâce a elle qu'il subvient aux besoins de sa famille.Grâce à son expérience dans ce domaine et son accueil chaleureux et ses bons rapports avec son voisinage,il a pu acquérir une très grande clientèle. L'augmentation croissante de sa clientèle rend son offre inférieure à la demande d'ou l'importance de ce crédit dans son activité.Grâce à lui il pourra acheter les produits de première nécessite(carton de savon, sac de riz, carton de sucre et cubes...) ce qui lui permettra de satisfaire convenablement sa clientèle, d'augmenter ses ventes ainsi sa marge bénéficiaire. Il réinvestira une partie de ce bénéfice dans son activité pour l'agrandir parce qu'il rêve d'avoir une grande alimentation et le reste lui permettra de subvenir aux besoins de sa famille dont il en a la charge.

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
  • 510.0
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Charles to buy staple products such as boxes of soap and sugar, bags of rice and (bouillon) cubes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 5, 2012
Listed
Sep 15, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013