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Marie Madeleine
Madeleine is a 54-year-old woman who is a married mother of four children, from 4 to 34 years old. She is a merchant and has opened a small grocery store, which she has been running for ten years. Thanks to her warm welcomes and good neighborliness, she has won over a loyal customer base, which is growing over the course of time.

Unfortunately, she can no longer totally satisfy her customers, thus the necessity for this business loan at this time. The loan will enable her to increase her stock of essential products. And this will increase her sales and therefore her profit margin. The profits will in part be reinvested in her business to expand it, and the rest will allow her to provide for her family.
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Madeleine est une femme de 54 ans, mariée mère de 4 enfants dont l'age varie entre 4 et 34 ans. Elle est commerçante et a ouvert une petite alimentation qu'elle gère elle même depuis 10 ans.Grâce à son accueil chaleureux et ses relations de bon voisinage, elle a conquis et fidélisé une clientèle qui s'accroit au fil du temps, et là, il ne parvient plus à la satisfaire totale d'où la nécessité de ce crédit dans son activité en ce moment parce qu'elle lui permettra d'augmenter le stock des produits de première nécessité. 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
  • $1,161,000
    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 Marie Madeleine to increase her stock of essentially products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 28, 2014