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Patrice
Patrice is 40 years old, engaged and is a family man. He has owned and managed a food shop in the capital for one year. His business is successful thanks to his warm personality, his experience in the business and his loyal customers. This last point is very important and yet he cannot satisfy his customers needs because he doesn't have the capital to buy his inventory wholesale. He is requesting this loan to strengthen his working capital in order to diversify his inventory (rice, salt bottled water, sugar, candies and telephone cards). He will be able to increase his profit margins. He plans to reinvest part of this profits back into the business to cover expenses and the rest he will use to take care of his family's needs.
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Patrice est un homme âgé de 40 ans, fiancé et père de famille. Il a ouvert une alimentation dans un quartier de la capitale qu'il gère depuis 1 an déjà. Son petit commerce fonctionne grâce à son accueil chaleureux, son expérience dans ce domaine et la clientèle qu'il a acquis avec le temps. Cette dernière devient importante et là, il n'arrive plus à la satisfaire à cause de la petitesse de son capital qui l'oblige à acheter en détail. Il sollicite ce crédit pour renforcer son petit fond de commerce pour diversifier sa marchandise (riz, sel, l'eau minérale, cartons de sucres, des friandises,...)et le crédit de communication, et pouvoir augmenter sa marge bénéficiaire. Il 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
  • $1,168,400
    Funds lent in using Kiva
  • 494.1
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Patrice to increase his inventory of essential food items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2013
Listed
Jun 12, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 4, 2014