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Benoit
Benoit is a 37-year-old man who is married and the father of 3 children aged between 4 and 10. He has been selling shoes for children, men and women (depending on the seasons and the contents of the bundles) at a local market for 13 years. Due to the small size of his capital, he is forced to go to the unpacking each weekend to buy shoes in retail amounts, which he then displays on his stall. This does not allow him to earn much, hence the importance of this loan for his business because it will allow him to buy a mixed bundle of shoes. He will save the profits generated thanks to this loan to open a shoe shop.
Benoit est un homme de 37 ans marié et père 3 enfants dont l'age varie entre 4 et 10 ans. il est commerçant dans un marché de la place depuis 13 ans où il vend la chaussures pour enfants, hommes et des dames (en fonction des saisons et des ballots). à cause de la petitesse de son capital, il est obligé d’aller au déballage chaque week-end pour acheter en détail des chaussures qu'il expose dans son comptoir. Cela ne rapporte pas vraiment d'où l'importance de crédit pour son activité parce qu'il lui permettra d'acheter un ballot mixte. il économisera le bénéfice que lui apportera ce crédit pour ouvrir une boutique de chaussures.

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
  • $1,164,075
    Funds lent in using Kiva
  • 491.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Benoit to increase his inventory of shoes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
Jun 17, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 3, 2014