Check out some available loans that are similar to this one!
Madeleine Rachel
Madeleine is a 35-year-old woman, unmarried, and a mother of two. She opened a mini-kiosk where she sells communication credits [phone minutes], snacks, etc. in a district in the city. She has been running this business for six years. She is requesting this loan to purchase some communication credits in bulk (MTN, ORANGE, CAMTEL) to increase her stock of credit. This will enable her to make a profit not only to increase her capital and her business but to satisfy her customers. Thus, she would like to use this purchase to support herself and her children.
View original language description ↓
Madeleine est une femme de 35 ans, célibataire et mère de deux (02) enfant. elle a ouvert un mini kiosque où elle vend crédit de communication, friandises etc dans un quartier de la ville qu'elle gère depuis 06 ans. Elle sollicite ce crédit pour acheter des crédits de communications en gros (MTN, ORANGE, CAMTEL) afin d'augmenter son stock de crédit. Ce qui permettra de réaliser un bénéfice non seulement pour augmenter son capital et activité et de satisfaire la clientèle. elle voudrait ainsi avec ces derniers pouvoir subvenir à ses besoins et à ceux de ses enfants.

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

  • $2,400
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,184,725
    Funds lent in using Kiva
  • 491.1
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Madeleine Rachel to purchase communication credits.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2013
Listed
Jun 22, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 28, 2014