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Sylvie
Sylvie is a young woman from Cameroon. She is 30 years old and the mother of two children, ages 5 and 3, who both attend school.

Sylvie sells telecommunication recharge cards in one of her city's neighborhoods. The loan that she is requesting will allow her to buy her goods directly from MTN, the telecommunication provider. This will help her to increase her profit margin and customer base.

The profits from this loan will allow her to avoid the suppliers' loans. She will also be able to reinvest these profits into the building of a stall, while the rest of the money will be used to take care of her family's needs (food and education).
View original language description ↓
Sylvie est une jeune camerounaise de 30 ans, mère de 2 enfants dont l'age varie entre 5 et 3 ans , tous vont à l'école. Elle exerce une activité de vente de cartes et de transfert de crédit de communication dans un quartier de la ville. Avec le crédit sollicité, elle compte s'approvisionner directement chez le fournisseur de crédit de communication MTN pour pouvoir produire de plus marges et avoir plus de client. Les benéfices générés par ce crédit vont lui permettre d'éviter les crédits fournisseurs d'une part, et être réinvestis dans la construction d'une kiosque et le reste l'aidera à subvenir aux besoins de sa famille (nutrition et Education) d'autre part.

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
  • 507.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Sylvie to buy telecommunication recharge cards.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 3, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013