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Chrescence Louise
Louise is a 55 year old woman, and is a mother. She opened a food stall in a district of the capital, and has been managing it for the past two years. Her small business operates thanks to Louise's warmth in welcoming her customers, and her experience in this field. Louise has a faithful clientele that she has acquired over time.

However, Louise is no longer able to meet her customers' demand, and due to her lack of capital she is obliged to buy her merchandise at retail. She is requesting this loan to increase her business capital so that she can diversify her products (rice, salt, mineral water, cartons of sugar, soaps,...), and increase her profit margin.

Louise plans to reinvest a portion of her earnings into her business, and the remainder will allow her to meet her daily needs and those of her family.
View original language description ↓
Louise est une femme âgé de 55 ans, mère de famille. Elle 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 acquise avec le temps. Cette dernière devient importante et là, elle n'arrive plus à la satisfaire à cause de la petitesse de son capital qui l'oblige à acheter en détail. Elle sollicite ce crédit pour renforcer son petit fond de commerce pour diversifier sa marchandise (riz, sel, l'eau minérale, cartons de sucres, des savons,...), et pouvoir augmenter sa marge bénéficiaire. Elle 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

  • $2,421
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,161,000
    Funds lent in using Kiva
  • 494.1
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Chrescence Louise to increase her stock of products for sale (rice, salt, mineral water, cartons of sugar, soaps,...).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jun 12, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 31, 2014