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Angèle
Angèle, age 39, is the single mother of four children. She has been the owner and manager of a hair salon in a district of the city for the past five years. Her determination and enthusiasm have helped her to build a loyal, steadily increasing customer base among the locals, and she now feels the need to bolster her stock of merchandise.

She wants to use this loan to buy hair styling products (hair extensions, caps, accessories) to meet customer demand as well as her own sales projections. She will reinvest part of her profits into her business (high-end hair salon) and use another portion to provide for the needs of her family (tuition, food, lodging, etc.).
Angèle est une femme de 39 ans, celibataire et mère de 4 enfants. Elle possède et gère un salon de coiffure dans un quartier de la ville depuis 5 ans. Grâce à sa determination et à son dynamisme, elle a su fidéliser une bonne partie de son voisnage et augmenter graduellement cette clientèle au point où elle ressent le besoin d'augmenter son stock de marchandises. Elle voudrait avec ce crédit acheter des produits (mèches et greffes, casque et produits accessoires) afin satisfaire sa clientèle et ses prévisions de résultat. les bénéfices seront réintroduits dans son activité (salon de coiffure luxieux) d'une part et subviendront aux besoins familiaux (éducation, nutrition, logement) d'autre part

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
  • $1,176,425
    Funds lent in using Kiva
  • 501.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Angèle to buy supplies and merchandise for her hair salon.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2013
Listed
Jun 5, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 28, 2014