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Ivette
Ivette is 30 years old, engaged and has 3 children who are between the ages of 12 years old and 7 months. Two of her children go to school. She has owned and managed a food shop in a neighborhood of the capital city for two years. Her small business is successful thanks to her warm personality, her experience in the business and her loyal customers. This last point is very important yet she struggles to satisfy her customers needs because she only has sufficient capital to buy her inventory at retail prices. She is requesting this loan to strengthen her business' capital, to be able to diversify her inventory (rice, salt, bottled water, sugar, soaps), and to be able to increase her profit margins. She plans to reinvest a portion of her profits back into the business to cover expenses and the other part she will use to take care of her and her family's daily needs.
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Ivette est une femme âgé de 30 ans, fiancée mère de 3 enfants dont l'age varie entre 12 ans et 7 mois, deux de ses enfants vont à l'école. 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
  • $1,168,400
    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 Ivette augmenter son stock des produits de première nécessité.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 6, 2013
Listed
Jun 12, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014