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Jean Baptiste
Jean Baptiste is a 40-year-old man, married and father of three children, two of whom are still in school.

He opened a grocery store in one of the capital's neighborhoods and has already been managing it for two years. His small store is successful thanks to his warm welcome, his experience in the business and the customer base he acquired over time.

The latter is increasing in size; he is no longer able to satisfy customer demand and his limited funds force him to buy retail.

He is requesting this loan to bolster his small business, to diversify its goods (rice, salt, mineral water, cartons of sugar, candy, ...), and to increase his profit margin.

He will reinvest a portion of his earnings in the business to cover the needs of his activity, and the remainder will allow him to meet his daily needs and those of his family.
View original language description ↓
Jean Baptiste est un homme de 40 ans , marié et père 3 enfants . deux vont encore à l'école.Il a ouvert une alimentation dans un quartier de la capitale qu'il 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, il n'arrive plus à la satisfaire à cause de la petitesse de son capital qui l'oblige à acheter en détail. Il 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. Il 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

  • $2,400
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,180,425
    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 Jean Baptiste increase his stock of merchandise.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Apr 6, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014