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Samuel
Samuel is a 53 years old man who is married and the father of three children, from 1 to 10 years old. He has been a merchant at a local market for twenty years where he sells secondhand clothing for youngsters, men, and women (depending on the season and on the bale of clothing). Due to low capital, he is compelled to go to the unpacking each weekend to buying clothing retail, so he can offer some at his stall. This does not really bring in much, thus the importance of loans for his business, since loans enable him to purchase mixed bales. He will save the profits this loan will bring, so as to open a clothing store.
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Samuel est un homme de 53 ans marié et père 3 enfants dont l'age varie entre 01 et 10 ans. il est commerçant dans un marché de la place depuis 20 ans où il vend la friperie es vêtements des jeunes, hommes et des dames (en fonction des saisons et des ballots). à cause de la petitesse de son capital, il est obligé d’aller au déballage chaque week-end pour acheter en détail les vêtements qu'il expose dans son comptoir. Cela ne rapporte pas vraiment d'où l'importance de crédit pour son activité parce qu'il lui permettra d'acheter un ballot mixte. il économisera le bénéfice que lui apportera ce crédit pour ouvrir une boutique de vêtements.

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
  • 507.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Samuel to purchase a bale of clothing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 3, 2012
Listed
Dec 11, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013