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Foubou is a 56 year old married man and father. He has been a shopkeeper for three years in an area of the capital where he sells firewood and leather and also does a little bit of farming. There are periods when it is not easy to sell wood, which worries him sometimes and it becomes difficult to provide for the needs of his family, whom he takes care of. It is for this reason that he wants to buy leather in addition to wood, in a large quantity to resell. This will help him to support his family during the hard periods and also to save up for the back-to-school periods. And the rest will be reinvested in his business to make it bigger.
Foubou est un homme de 56 ans marié, père de famille. Il est commerçant depuis 3 ans dans un quartier de la capitale où il vend du bois de chauffage, de la scuire et fait aussi un peu d'élévage. Il y'a des périodes où ce n’est pas facile de vendre du bois ce qui l'inquiète souvent et de devient difficile de subvenir aux besoins de sa famille dont il a la charge. C'est pour cette raison qu'il veut acheter en plus du bois , le et la sciure en grande quantité pour revendre. Ceci l'aidera à économiser pour subven,ir aux besoins de sa famille pendant les périodes dures et aussi à économiser pour les rentrées scolaires. Elt le reste sera réinvesti dans son activité 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

  • $2,400
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,197,575
    Funds lent in using Kiva
  • 504.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Foubou increase his stock in wood and leather.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 11, 2012
Sep 17, 2012
Currency Exchange Loss:
Dec 17, 2013