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Sophie
Sophie is a 37-year-old woman. She is single and the mother of 2 children aged 12 and 16. Both of her children still attend school. She has been running a restaurant business for years and is it thanks to her business that she is able to take care of her family. Having to buy the products she needs for her restaurant at retail prices does not allow her to earn much profit, hence the importance of this loan to her business as it will enable her to increase her inventory of food - trays of eggs, oil, pallets of fish, meat and raw vegetables, and the other small things she needs to prepare her meals. This will help her to avoid daily journeys and to decrease her taxi expenses, which will also increase her profits. She will reinvest part of her profits in her business and the rest of it will allow her to provide for her family's needs.
Sophie est une femme de 37 ans célibataire mère de 2 enfants de 12 et 16 ans. Tous deux vont encore à l'école. Elle a ouvert un restaurant qu'elle gère depuis des années. c'est grâce à lui qu'elle s'occupe de sa famille. Le fait d'acheter les produit de restauration en détail ne rapporte vraiment grand chose pour elle. D'où l'importance de ce crédit pour son activité parce que ça lui permettra d'augmenter le stock de ses denrées alimentaires (alvéoles d'ouefs, 1 sac de riz, huile, palette de poisson, viandes, les crudités et le petit nécessaire pour cuisiner ses plats. Cela lui évitera les déplacements quotidiens et diminuera ses frais de taxi, ça augmentera aussi ses bénéfices. Elle réinvestira une partie de ses bénéfices dans son activité et le reste l'aidera à 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

  • $2,400
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,184,725
    Funds lent in using Kiva
  • 502.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Sophie to increase her inventory of food.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014