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Armand
Armand is a 23-year-old man, single, and a father of one child. He opened a small kiosque in one of the town's neighborhoods and has been running it for the past four years. He sells phone credits. He is asking for this loan to buy some phone credits (MTN, Orange, and Camtel) in order to increase his revenue. This will not only allow him to earn enough to strengthen his business and satisfy his customers, but also he would like to use this income to support the needs of his family.
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Armand est un homme de 23 ans, célibataire et père d'un enfant. il a ouvert un mini kiosque dans un quartier de la ville qu'elle gère depuis 4 ans. il y vend des crédits de communication. il sollicite ce crédit pour acheter des crédits de communication (MTN, Orange et CAmtel) afin d'augmenter son chiffre d'affaires. Ce qui permettra de réaliser un bénéfice non seulement pour augmenter son capital et activité et de satisfaire la clientèle. il voudrait, avec ces bénéfices, pouvoir 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

  • $2,421
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,168,400
    Funds lent in using Kiva
  • 490.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Armand to buy phone credit.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2013
Listed
Feb 16, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 5, 2014