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Groupe Ada.
In this Group: Christine Marie, Bernadette
Christine is 38 years old, single, and the mother of five children between the ages of 13 months and 15 years. Three of her children attend school already. She has been a vendor in a market in the capital for 14 years. She sells fresh produce (corn, bananas, plantains, vegetables, tomatoes, fruits) according to the seasons. Sales of bananas and plantains are lucrative, but she often runs out of them because her supplies are short, and this makes it difficult to meet the demand of her customers.
This loan will allow her to stock up on quantities large enough to meet the needs of her customers, and therefore increase her sales and her profits. She will reinvest a part of the profits in her business in order to diversify it, and the other part will allow her to meet the needs of her family.
View original language description ↓
Chistine est une femme de 38 ans, célibataire et mère de 05 enfants dont l'âge varie entre 13 mois et 15 ans. trois de ses enfants vont déjà à l'école. Elle est commerçante dans un marché de la capitale depuis 14 ans où elle vend des vivres frais (maïs, bananes, plantains, légumes, tomate, fruits) selon les saisons.la vente de bananes et plantains est une activité qui rapporte, mais la petitesse de son stock de marchandises entraine de nombreuses ruptures et ne lui permettent pas de satisfaire convenablement sa clientèle. Ce crédit lui permettra alors de s'approvisionner en grande quantité afin de répondre à la demande de ses clients et de ce fait d'augmenter ses ventes et son bénéfice. Elle réinvestira une partie de ce bénéfice dans son activité afin de le diversifier et l'autre pour subvenir aux besoins de sa famille.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Cameroon

  • $2,421
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,161,000
    Funds lent in using Kiva
  • 501.0
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Groupe Ada.'s $400 loan helped a member to increase her supply of plantains, vegetables and fruits.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 2, 2012
Listed
Oct 17, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 13, 2014