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Rigobert
Rigobert is a 36 year old man who is married and has three children. Their ages range between four and nine years, and they all attend school. He also has an additional dependent in his care.

He is a merchant who opened his mini-grocery four years ago, and continues to manage it today. There, he has been selling staple commodities for the past year. He buys the supplies for his shop in small quantities and thus is forced to go to the market frequently. This loan will allow Rigobert to satisfy his growing customer base by purchasing his supplies at wholesale to sell at retail. Not only that, but he will be able to avoid coming and going constantly, which will increase his revenue. Some of the supplies he plans to purchase with this loan are: a sack of rice, a carton of soap, sugar, detergent, sweets, and oil.

Rigobert plans to save part of the income generated by this loan to reinvest in and enlarge his shop. The rest he will use to help provide for his family.
View original language description ↓
Rigobert est un homme de 36 ans marié, père de 3 enfants dont l'age varie entre 4 et 9 ans, tous vont à l'école. Il a aussi une autre personne à sa charge. Il commerçant a ouvert et gère une mini alimentation depuis 4 ans dans laquelle elle commercialise les produits de premières necessité depuis un an. Il achète les marchandises qu'il revend en petite quantité dans sa boutique et est obligé d'aller au marché tout le temps. Ce crédit lui permettra de satisfaire non seulement sa clientèle grandissante en achetant en cartons pour détailler (un sac de riz un carton de savon, de sucre, de détergent, et des friandises, d'huile...) et lui évitera les allez et venus mais aussi augmentera son profit. Les benéfices générés par ce crédit seront épargnés et réinvestis en partie dans sa boutique pour l'agrandir et le reste l'aidera à 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

  • $2,400
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,184,725
    Funds lent in using Kiva
  • 505.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Rigobert to purchase at wholesale a sack of rice, a carton of soap, sugar, detergent, sweets, and oil.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 30, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 20, 2013