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Franklyn
Franklyn is a very ambitious young man, 33 years old, who has had a business selling electronics in a district in the city for a year. He gets his supplies from Douala City. His low inventory does not allow him to satisfy his growing customer base appropriately. He would like to use this loan to purchase some 'home cinemas', 4 televisions, and 5 electric fans to be able to bolster his stock of merchandise and to satisfy the demands of his customers. He envisions reinvesting his profits into his business in order to expand it. His ambition is to open a store and save money, so that he can get married.
Franklyn est un jeune homme âgé de 23 ans, très ambitieux qui mène une activité de vente de appareils électroniques dans un quartier de la ville depuis un an. Il s'approvisionne dans la ville de Douala. la petitesse de son stock ne lui permet pas de satisfaire convenablement sa clientèle qui va grandissante. il voudrait avec ce crédit acheter des home cinéma, 04 téléviseurs, 05 ventilateurs pour pouvoir renforcer son stock de marchandises et satisfaire la demande de ses clients. il envisage réinjecter les bénéfices dans son activité afin de la faire grandir. Il a pour ambition d'ouvrir un grand magasin et de faire des économies pour pouvoir se marier.

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
  • $1,180,425
    Funds lent in using Kiva
  • 500.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Franklyn to purchase electronics to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2012
Listed
Oct 21, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013