Check out some available loans that are similar to this one!
Félix

Update on Félix

Félix is a 45-year-old man. He is married and the father of four children who all go to school. For the past 21 years, he has been running a small local garage and repairing motorcycles.

He is requesting this loan to boost his stock of spare parts in order to increase his turnover and profits.

Félix will reinvest part of his profits in his activity and use the extra money to meet his family's needs.
View original language description ↓
Felix est un homme âgé de 45 ans, marié et père de 4 enfants , tous allant à l'école.il gère depuis 21 ans un petit garage où il répare des motos dans un quartier de la ville. il sollicite ce crédit pour renforcer son stock de pièces de rechange afin d'augmenter son chiffre d'affaires et ces profits. les bénéfices générés vont être réinjectés dans son activité d'une part et subviendront aux besoins de sa famille d'autre part.

Previous Loan Details

Félix is 44 years old, married and the father of 4 children who all go to school. He has run a garage where he repairs motorbikes for 20 years. He very often has to buy spare parts for his customers from other places, when he notices a malfunctioning part while he is making repairs; this often co... More from Félix'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
  • 494.1
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Félix to buy spare parts.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2013
Listed
Aug 3, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014