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Madeleine
Madeleine is a 48-year-old married mother of seven children between the ages of 9 and 21, all of whom are in school. She is a vendor in a marketplace and has sold seasonal fresh produce (cassava, potatoes, etc.,) for the last 20 years. As her clientele grows, she is no longer able to satisfy their growing demand with her current stock. Therefore, this loan is important as it will allow her to increase her stock of merchandise (bags of cassava and potatoes.) The profits generated by this loan will be in part reinvested to grow the business, and the rest will help her support the needs of her family.
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Madeleine est une femme de 48 ans mariée, mère de 7 enfants dont l'age varie entre 9 et 21 ans tous vont à l'école. elle est commerçante dans un marché de la place ou elle vend des vivres frais (manioc, patate...) en fonction des saisons depuis 20 ans. iSon activité fonctionne, sa clientèle s'accroit au fil du temps et elle n'arrive plus à la satisfaire à cause de la petitesse de son capital. D'où l'importance de ce crédit en ce moment pour son activité parce qu'il lui permettra d'augmenter les stocks de marchandises (sacs de manioc et patate). les bénéfices générés par ce crédit seront en partie réinvestis dans son activité pour l'agrandir et le reste l'aidera à subvenir aux beoins de sa famille dont elle en a la charge.

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
  • 515.7
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Madeleine to buy bags of cassava and potatoes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 7, 2012
Listed
Nov 16, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 4, 2014