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Elie
Elie is a 42-year-old man, engaged and the father of two children, aged 2 and 10. He also has an additional person under his care. He is a shopkeeper and he has opened a small store which he has been managing by himself for the past 13 years. Thanks to this small business, he is able to meet his family's needs.

Thanks to his warm welcome and to his good relationships with his neighbors, Elie has also managed to build and retain a customer base which has increased in size over time. Precisely because his customer base has increased so much, he can no longer satisfy all the demand and he is therefore requesting a loan to develop his business. This loan will allow him to increase his stock of staple foods, which will in turn increase his sales and consequently his profit margin.

Elie plans to reinvest part of his profits in his business in order to expand it, while the rest will be used to meet the needs of his family.
View original language description ↓
Elie est un homme de 42 ans, fiancé père de 2 enfants de 2 et 10 ans, il a aussi une autre personne à sa charge. Il est commerçant et a ouvert une petite alimentation qu'il gère lui m^me depuis 13 ans. C'est grace à elle qu'il subvient aux besoins de sa famille. grace à son acceuil chaleureux et ses relations de bon voisinage, il a conquis et fidelisé une clientèle qui s'accroit au fil du temps, et là, il nhe parvient plus à la satisfaire totale d'où la necessité de ce crédit dans son activité en ce momment parce qu'il lui permettra d'augmenter le stock des produits de première necessité. Ceci augmentera ses ventes et donc sa marge bénéficiaire. Bénéfice qui sera en partie réinvesti dans son activité pour l'agrandir et le reste lui permettra de subvenir aux besoins 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
  • $1,176,425
    Funds lent in using Kiva
  • 494.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Elie to increase his stock of staple foods.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 4, 2014