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Iliassou
Iliassou is a 42-year-old single father of eight. He runs a corner boutique where he has been selling spices and other miscellaneous items for 15 years. Thanks to his energy and competence, he has gained a growing clientele, which he can no longer satisfy. This is due to the small size of his capital. He is seeking a loan which will allow him to increase his stock in spices (white pepper, black pepper, hot pepper in bags, chicken spices, fish spices, pork spices, …). The profits that come from this loan will be partially reinvested into his business to grow it, and the rest will help him to meet the needs of his family.
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Iliassou est une homme de 42 ans célibataire, père de 8 enfants .. Il detient une boutique dans un coin de la place où il vend des épices et autres divers produits depuis 15 ans. Grace à son dynamisme et sa compétence dans ce domaine il s'est fait une clientèle grandissante qu'il n'arrive plusn à satisfaire. Ceci est dü à la petitesse de son capital. Pour cela Il sollicite un crédit qui lui permettra d'augmenter son stock des épices( poivre blanc, noir, piment en sachet, épices poulet, poisson, porc...)Les bénéfices tirés de ce prêt seront réinvestis en partie dans son activité pour l'agrandir, 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

  • $2,421
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,168,400
    Funds lent in using Kiva
  • 512.6
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Iliassou to increase the stock of spices (white pepper, black pepper, hot pepper in bags, chicken spices, fish spices, pork spices, …).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2012
Listed
Nov 7, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013