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Joseph
Joseph is a young 38-year old Cameroonian. He is married and father of five children, of which the youngest is 4-years old and the oldest is 16-years old. Four attend school. In order to take care of his family's needs, Joseph has been making cooking pots that he sells in a neighborhood of the city for almost 16 years. Very experienced in this domain, Joseph has an ever-growing and demanding clientele. Without enough raw materials to make large quantities of pots, Joseph would like to use the loan to buy a large quantity of aluminum in order to make enough pots to satisfy his customers. The profits from this increase will be reinvested in his business and will allow Joseph to ensure a good education for his children.
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Joseph est un jeune camerounais de 38 ans. Marié et père de 05 enfants dont le plus jeune a 04 ans et le plus âgé 16 ans dont 04 vont à l'école, Joseph afin de subvenir aux besoins de sa famille fabrique des marmites qu'il vend dans un quartier de la ville depuis près de 16 ans. Bien expérimenté dans ce domaine, joseph a une clientèle sans cesse grandissante et exigeante. Ne disposant pas d'assez de matières premières pour fabriquer des marmites en grande quantité, il souhaite avec l'argent du crédit acheter une grande quantité d'aluminium afin de fabriquer assez de marmites pour satisfaire sa clientèle. les bénéfices tirés de cette augmentation seront réinjectés dans l'activité et permettront à Joseph de garantir une bonne éducation à ses enfants.

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
  • $1,173,050
    Funds lent in using Kiva
  • 502.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Joseph to buy aluminum.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
Apr 23, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 13, 2014