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Madeleine
Madeleine is a 52-year-old woman, married, and the mother of seven children. Her oldest child is 34 years old and the youngest is 15.

She has been working in the restaurant business for five years, and she serves meals locally, in her town. Courageous and determined, she financially supports her children.

She is requesting a loan to buy some basic food supplies (bags of rice, bags of beans, 10 egg trays, breakfast goods). This will allow her to boost her stock of goods, which is quite low, and to increase her turnover and profits.

Madeleine will reinvest her profits into her business and will use the rest of the money to meet her basic needs as well as those of her children.
View original language description ↓
Madeleine est une femme mariée de 52 ans et mère de 7 enfants dont le premier a 34 ans et le denrier 15 ans. Restauratrice depuis 05 ans, elle vend repas dans un coin de la ville. Femme batante et courageuse qui sponsorise ses enfants, elle sollicite le crédit pour acheter des matières premières (sac de riz, sac de haricot, 10 alvéoles d'oeufs, accessoires du breakfast)pour augmenter son niveau de stock qui est bas et afin d'acroitre son chiffre d'affaires ainsi que son profit. le profit dégargé sera utilisé pour réinvestir dans son activité et le reste pour satisfaire ses besoins de necessité et ceux de ses enfants.

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
  • $1,173,050
    Funds lent in using Kiva
  • 512.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Madeleine to buy basic food supplies (rice, beans, eggs etc.).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014