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Daniel
Daniel is a 42 year old Cameroonian who is married without any children. He has been selling food products in a market in the town for a year and a half. In spite of being inexperienced in this field, he has many clients. With this loan he would like to purchase a can of palm oil, groundnuts, and rice in order to increase his stock and satisfy his clientele. He plans to save up so that he can start a business selling vegetable oil.
Daniel est un Camerounais âgé de 42 ans, marié et sans enfant. il mène une activité de vente de produits alimentaires dans un marché de la ville depuis un an et demi. malgré sa jeunesse dans le domaine il bénéficie d'une clientèle importante. il voudrait avec ce crédit acheter un bidon d'huile de palme, les arachides, du riz pour augmenter son stock de marchandises afin de satisfaire sa clientèle. il envisage faire des économies pour se lancer dans la vente d'huile végétale.

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
  • $1,180,425
    Funds lent in using Kiva
  • 501.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Daniel to buy merchandise.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2013
Listed
Jul 18, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 31, 2014