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Minette
Minette is a young woman who is 30 years of age. She is separated and mother to four children aged between 2 and 8 years of age, three of whom are already at school. She opened a small food store a year ago, which she manages in a neighborhood of the capital. Thanks to her experience in this area and her warm welcome and rapport with the locals, she has been able to build up a very large customer base.

The constant increase in Minette’s customer base means that supply is lower than demand, and loans are therefore important for her business. Thanks to these loans she has been able to buy basic goods (a box of soap, bag of rice, box of sugar and cubes), which will allow her to easily satisfy her customers, increase her sales and have a higher profit margin. Minette plans to reinvest part of her profits in her business, while the rest will allow her to provide for her family, for which she is responsible.
View original language description ↓
Minette est une jeune femme de 30 ans en séparation et mère de 4 enfants dont l'age varie entre 2 et 8 ans trois vont déjà à l'école. Elle a ouvert un mini-alimentation qu'elle gère depuis 1 an dans un quartier de la capitale.Grâce à son expérience dans ce domaine et son accueil chaleureux et son rapport avec son voisinage,elle 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 elle pourra acheter 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. Elle réinvestira une partie de ce bénéfice dans son activité et le reste lui permettra de subvenir aux besoins de sa famille dont elle 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
  • $1,173,050
    Funds lent in using Kiva
  • 510.0
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Minette to buy basic goods (a box of soap, bag of rice, box of sugar and cubes).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2012
Listed
Sep 16, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013