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François
François is a Cameroonian of 30 years old. He owns and operates a hair salon for men in a corner of the city, where he has been for the past three years. Dynamic and warm, he has seen his clientele grow over the years and can no longer satisfy their demand.

This loan will allow him to increase his stock of merchandise by purchasing cosmetics and perfumes. The income François earns will allow him to expand his salon and to get married in a few years.
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François est un camerounais de 30 ans. il possède et gère un salon de coiffure pour homme dans un coin de la ville depuis 3 ans. dynamique et chaleureux, il a vu sa clientèle croître au fil des années et ne parvient plus à les satisfaire.ce crédit va lui permettre d'augmenter son stock de marchandises en achetant les produits de beauté et de parfumerie. Les bénéfices générés vont lui permettre d'agrandir son salon de coiffure et de se marier dans quelques années.

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 $325 helped François to purchase merchandise for his hair salon.
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:
Dec 17, 2013