Update on BernadetteBernadette is a 58-year-old woman, a widow, and the mother of seven children, from 6 to 24 years old, of whom four are still in school. Bernadette has been a merchant for eleven years at a station where she sells lumber. Having had a loan a year ago, her business has progressed a little. She would like to have a new loan that may help her in the same way. In fact, she would like to resolve an inventory shortage she is faced with. This loan will help make her business sustainable and feed her family, as well as save money for the back-to-school season.
Previous Loan DetailsBernadette is a 57-year-old widow and the mother of seven children who are between 5 and 23 years old. Four of her children still attend school. She has been working as a trader for 10 years. She works in a station, selling wood. There are periods when it is not easy to sell wood. This often... More from Bernadette's previous loan »
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 CamerounAgence 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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