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Daniel
Michel is a 41-year-old married man. He has own and run a small potato chip production unit and shop in his home, in a district of town, for 4 years. A dynamic and industrious man, he will be able to increase his inventory of raw ingredients (potatoes, oil, etc.) with this loan, and thus increase his production and his profits. The profits generated will be reinvested into his business (by buying 2 gas stoves and creating a large production unit) so that he can cover the town of Douala, and will take care of his family's needs.
Michel est un homme de 41 ans et marié. Il possède et gère une petite usine de production et de vente de frites de pomme (chips) à domicile dans un quartier de la ville depuis 4 ans. Dynamique et travailleur, ce crédit va lui permettre d'augmenter son stock de matières premières (pommes, huile, etc) afin d'accroître sa production et ses profits. les bénéfices générés seront réinvestis dans son activité (achat de 02 foyers à gaz, créer une grande unité de production), couvriront la ville de Douala et amélioreront les 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
  • $1,161,000
    Funds lent in using Kiva
  • 502.1
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Daniel to buy ingredients with which to make chips.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2013
Listed
Feb 27, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014