Update on RogerRoger, age 54, is the married father of four children aged 5 to 18 years old, all of whom are still in school. He has been running a livestock farming activity for over three years already (he buys chicks that he raises for resale). Business is booming thanks to a previous loan that allowed him to expand.
Roger is seeking a new loan to buy a large quantity of chicks and some feed, which will enable him not only to meet the needs of a growing customer base but also to bolster his profits.
The profits earned through this activity will help him to expand his business further (increasing the number of chicks to raise) and to provide for his family’s day-to-day needs.
Previous Loan DetailsRoger is a 54-year-old man, married, and the father of four children, from 5 to 18 years old, all of whom are still in school. He has been working as a livestock farmer for two years already (he purchases chicks, raises them, and then sells them). Business is booming, but his capital is not great... More from Roger's previous loan »
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 CamerounAgence 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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