Check out some available loans that are similar to this one!
Elissa
Elissa is 45 years old and a single mother with two children, 7 and 12, who attend school. She has been selling secondhand clothes from a shop in the capital's market for the past 7 years. Her business runs well, but she has to go to the wholesale market every Saturday to purchase the inventory for her shop. This is because she has limited working capital. The money from this loan will allow her to purchase a good bundle of clothes for resale in her shop. This will help her increase sales and profits. She will reinvest part of her profits in the business and use the rest of the money to take care of her family.
View original language description ↓
Elissa est une femme de 45 ans, célibatiare mère de deux enfants de 7 et 12 ans qui vont à l'école. Elle est commerçante et ouvert une boutique dans laquelle elle vend les vêtements dans un marché de la capitale depuis 7 ans. Son activté fonctionne normalement, mais elle est obligé à chaque fois d'aller au déballage tous les samedi pour avoir de quoi exposer dans sa boutique. Ceci est dû à la petitesse de son capital, d'ou l'importance de ce crédit dans son activté en ce moment parce qu'elle lui permettra d'acheter un bon ballot de vêtement pour sa boutique. ceci augmentera ses ventes ainsi que ses bénéfices. Elle réinvestira une partie de ce bénéfice dans son activité et le reste l'aidera à subvenir ses besoins ainsi que 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
  • 4
    View loans »
    Cameroon Loans Fundraising
  • $1,161,000
    Funds lent in using Kiva
  • 493.7
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Elissa to purchase three bundles of secondhand clothes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Jan 2, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2014