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Marie Claire

Update on Marie Claire

Marie Claire is a 55-year-old woman who is divorced and the mother of a 29-year-old child, who is still in school. Marie Claire has five other persons to support (grandchildren and nephews). She has been selling fruit and fresh staple foods (chili peppers, plantains, corn, etc…) for 21 years at a local market. She makes her purchases in small amounts and then resells the goods. She would like to use this loan to increase her inventory of goods. This will enable her to sell more and increase her profit, which she will save to provide schooling to her grandchildren and to expand her business over time.
View original language description ↓
Marie Claire est une femme de 55ans divorcée mère d'un enfant agé de 29 ans qui va toujours à l'école. Elle a cinq autres personnes à sa charge (petits fils et neuveux). Elle vend des fruits et vivres frais ( piments, plantains, maïs...etc) depuis 21 ans à un marché de la place. Elle achète en petite quantité pour revendre et aimerai avec ce crédit augmenter le stock de de ses marchandises. Ce qui lui permettre de vendre plus de d'augmenter de bénéfice, profit qu'elle économisera pour la scolarisation de ses petits fils et agrandir son activité dans le temps.

Previous Loan Details

Marie Claire is a 54 year old woman who is divorced. She is the mother of a 28 year old who is still in school. She has 5 dependent children (grandchildren and nephews). She has been selling fruits and food supplies (peppers, plantains, corn, etc.) at the marketplace for 20 years. She buys a smal... More from Marie Claire's previous loan »

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.

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.

About Cameroon

  • $2,400
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,180,425
    Funds lent in using Kiva
  • 494.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Marie Claire to buy fruit and staple foods wholesale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 28, 2014
This photo was used before for a previous loan for Marie Claire. It was first posted on Kiva on May, 2012. Learn More