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Cyrille Mabingo
Cyrille is a young 37-year-old single Cameroonian with one child. For the last ten years, he has owned and managed a street corner cafeteria where he sells lunch (omelettes, coffee, etc.) He is requesting a loan to buy ingredients (milk, meat, fresh food items, eggs, bread, etc.) to increase his inventory and therefore his revenues and profit. The profit he makes will be used to reinvest in the business as well as to meet his family's needs.
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Cyrille est un jeune camerounais de 37 ans, célibataire et père de 01 enfant. Il possède et gère un cafétéria dans un coin de la ville depuis 10 ans où il vend des déjeuner (omelette, café,...). il sollicite le crédit pour acheter des matières premières (lait, pattes, vivres frais, oeufs, tartine etc) pour augmenter son niveau de stock de matières premières afin d'accroître son chiffre d'affaires ainsi que son profit.Le profit dégagé sera utilisé pour réinvestir dans son activitéd'une part et le reste pour satisfaire ses besoins 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
  • $1,161,000
    Funds lent in using Kiva
  • 499.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Cyrille Mabingo to buy ingredients.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 3, 2013
Listed
Jan 8, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 3, 2014