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Regine
Régine is a 48-year-old merchant and a mother with a family. She opened a small restaurant and has been running it in her district in the capital for two years already. This restaurant enables her to resolve certain day-to-day needs. It is doing well, thanks to her savoir-faire and experience in this domain, as well as practical prices. This has allowed her to increase her customer base over the course of time. But her low level of capital no longer allows her to satisfy them fully, thus the need for this loan for increasing her inventory of staple foods (2 box of chicken, 2 boxes of fish, a sack of rice, and sundry items for making sauces), so as to obtain silverware and to increase her profit margins. Part of the profits will be reinvest in her business to expand it, and the rest will enable her to meet the needs of her family.
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Régine est une femme de 48 ans commerçante, mère de famille. Elle a ouvert et gère un petit restaurant dans un quartier de la capital depuis deux ans déja. Ce restaurant lui permet de résoudre certains besoins quotidiens. Il fonctionne bien grace à son savoir faire, son expérience dans le domaine ainsi que les prix pratiqués, ce qui lui a permit d'augmenter sa clientèle au fil du temps. Mais la petitesse de son capital ne lui permet plus de satisfaire totalement sa clientèle, d'où la nécessité de ce credit qui lui permettra d' augmenter le stock de vivres ( deux cartons de poulets, deux cartons de poisson, un sac de riz et le petit nécessaire pour les sauces) pour avoir plus de couverts et augmenter sa marge bénéficiaire. Une partie de ce bénéfice sera reinvestie dans son activité pour l'agrandir et le reste lui permettra de 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.

About Cameroon

  • $2,421
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,173,050
    Funds lent in using Kiva
  • 505.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Regine to purchase staple foods (chickens, fish, rice, and sundry ingredients for making sauces).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2012
Listed
Oct 31, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 13, 2014