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Eric
Eric is a 34-year-old man who lives in a district of the capital. He has been running a vehicle washing service in a corner of his space for more than a year. Thanks to his energetic personality and competence in his field, Eric has an ever-growing clientele whose demand he would like to continue to meet.

For this reason, Eric is seeking a loan of 200,000 XAF to purchase a second machine for cleaning vehicles. The income he earns from this loan will help him to increase his revenue and his customer loyalty. It will also allow him to better prepare his work site and support his family.
View original language description ↓
Monsieur Eric est un homme agé de 34 ans, qui vit dans un quartier de la capital. Il detient une laverie dans un coin de la place depuis plus de 1 an. Grâce à son dynamisme et et sa competence dans ce domaine, il s'est faite une clientèle grandissante qu'il aimerait continuer de satisfaire. Pour cela il sollicite un prêt d'un montant de 200000 pour s'acquerir d'une seconde machine de nettoyage de véhicules à pressing (Catcheur). Les bénéfices tirés de prêt lui permettra d'augmenter ses recettes, fideliser sa clientèle, mieux amenager le site et enfin de subvenir aux besoins 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

  • $2,400
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,184,725
    Funds lent in using Kiva
  • 499.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Eric to purchase a second machine for cleaning vehicles.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Jan 3, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014