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Timoleon
Timoleon is a 55-year-old Cameroonian who is married and the father of 3 children. He has owned and run a store selling chicken in an area of town for 5 years. It is thanks to this business that he can meet the needs of his family. He has good experience in this area of work and knows his suppliers well, which allows him to buy goods at low prices so that he can improve his business. He is requesting this loan so that he can increase his inventory of chicken (cull hens - hens which do not lay anymore, cleaned). The profits generated thanks to this loan will enable him to increase his business, and he will save the rest of the money so that he can take care of his family's needs (food, health, education).
Timoleon est un camerounais de 55 ans, marié et père de 03 enfants. il possède et gère une boutique de vente de poulets dans un coin de la ville depuis 5 ans. C'est grace à cette activité qu'elle subvient aux besoins de sa famille. Expérimenté dans ce domaine, la bonne connaissance de ses fournisseurs lui permet d'acheter à de bon prix pour pouvoir ameliorer son activité. Il sollicite ce crédit pour augmenter le stock de poulets (reformé et nettoyé). les bénéfices générés par ce crédit lui permettront d'agrandir son activité et économiser le reste pour subvenir aux besoins de sa famille (nutrition, santé, scolarité)

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
  • $1,161,000
    Funds lent in using Kiva
  • 495.1
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Timoleon to buy chicken for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2012
Listed
Dec 19, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014