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Jacqueline
Jacqueline is 51 years old. She is married and is the mother of three children who are between 19 and 32 years old. One of her children is still in school.

She opened a grocery in an area of the capital, which she has run for 2 years. Her small business works due to the warm welcome she gives customers, her experience in her field, and the clientele she has built over time.

This last part is becoming important because she no longer can meet the needs of her customers. Due to her small amount of capital, she has to buy at retail prices. She is asking for a loan to strengthen her business in order to diversify her goods (rice, salt, mineral water, sugar, candy...) and increase her profit margins.

She will reinvest a part of her profits in her business to cover its needs. The other part will allow her to meet her daily needs and those of her family.
View original language description ↓
Jacqueline est une femme de 51 ans , mariée et mère 3 enfants dont l'age varie entre 19 et 32 ans. l'un d'eux va encore à l'école.Elle a ouvert une alimentation dans un quartier de la capitale qu'elle gère depuis 2 ans déjà. Son petit commerce fonctionne grâce à son accueil chaleureux, son expérience dans ce domaine et la clientèle qu'elle a acquis avec le temps. Cette dernière devient importante et là, elle n'arrive plus à la satisfaire à cause de la petitesse de son capital qui l'oblige à acheter en détail. Elle sollicite ce crédit pour renforcer son petit fond de commerce pour diversifier sa marchandise (riz, sel, l'eau minérale, cartons de sucres, des friandises,...), et pouvoir augmenter sa marge bénéficiaire. Elle réinvestira une partie de son bénéfice dans l’activité pour couvrir les besoins de son secteur et l'autre partie lui permettra de subvenir à ses besoins quotidiens 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
  • $1,168,400
    Funds lent in using Kiva
  • 507.6
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Jacqueline to bolster her supply of goods.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2013
Listed
Apr 6, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2014