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Casimir
Casimir is a 44-year-old married father of a 12-year-old child. He is a shopkeeper and opened a counter in a market in the capital that he’s been running for 2 years. His small business works due to his warm welcome, his experience in this area, and the clientele he has acquired over time. The latter has become sizeable, so much so that he can no longer satisfy them because of the small size of his capital which forces him to buy at retail. He is seeking this loan to augment his stock of palm oil because it’s a heavily consumed product by those around him and to be able to increase his profit margin. He will reinvest a portion of his profits back into this business to cover the needs of his business and another portion will allow him to meet his daily needs and those of his family.
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casimir est un homme de 44 ans marié père d'un enfant de 12 ans. Il est commerçant et a ouvert un comptoir dans un marché de la capitale qu'il gère depuis 2 ans déjà. Son petit commerce fonctionne grâce à son acceuiel chaleureux, son expérience dans ce domaine et la clientèle qu'il a acquis avec le temps. Cette dernière devient importante et là, il n'arrive plus à la satisfaire à cause de la petitesse de son capital qui l'oblige à acheter en détail.Il sollicite ce crédit pour augmenter son stock d'huile de palme parce que c'est un produit très consommé par son entourage et pouvoir augmenter sa marge bénéficiaire. Il réinvestira une partie de son bénéfice dans l’activité pour couvrir les besoins de son secteur et l'autre partie lui permettra de subvenir à ses besoins quotidiens et ceux de sa famille.

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
  • 496.0
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Casimir to augment the stock of palm oil.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2012
Listed
Dec 20, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2014