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Souleman
Souleman is a 35-year-old man, married, and the father of four children. He runs a shop in his locality and he has been selling spices and various other goods for the past fifteen years.

Thanks to his enthusiasm and his good experience in this field, he has managed to attract an increasing number of customers. However, he is currently having a hard time meeting all of his customers' needs, because his capital is very small.

For this reason, Souleman is requesting a loan which will allow him to increase his stock of spices (white and black pepper, sachets of pimento, chicken, fish and pork seasonings...)

The profits from this loan will be reinvested, in part, into expanding his business, while the rest will be used to meet the needs of his family.
View original language description ↓
Souleman est une homme de 35 ans marié, père de 4 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
  • $1,164,075
    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 Souleman to increase his stock of spices (white and black pepper, sachets of pimento, chicken, fish and pork seasonings...).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 2, 2012
Listed
Nov 7, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014