Josephine is 41 years old, single, and mother of five children, all of whom have received schooling. Her eldest child is 22 years old, and her youngest child is 6 years old.
She has been selling fresh food (plantains) at a market in the capital city for the past ten years. Her business truly exists. She is a strong and courageous woman who supports her children all on her own, and she is seeking a loan to buy a truckload of plantains and bags of tubers wholesale in order to increase her stock so that she can increase her sales revenue and her profit.
She will reinvest some of her profit in her business, and she will use the rest to provide for her children's essential needs.
Josephine est une femme agée de 41 ans, mére celibataire de 05 enfants agés de 06 à 22 ans tous scolarisés,commercante depuis 10 ans,elle vend les vivres frais (plantain) dans un marché de la capitale . son activité existe réelement. Elle est une femme batante et courageuse qui sponsorise ses enfants toute seule et elle sollicite le crédit pour acheter un pick-up de plantain et des sacs de tubercules en gros pour augmenter son niveau de stock qui est bas est afin d'acroitre son chiffre d'affaires ainsi que son profit. le profit dégargé sera utilisé pour re-investir dans son activité et le reste pour satisfaire ses besoins de necessité et ceux de ses enfants
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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.