Update on Sebastienne EugenieSebastienne is a young woman, 32 years old, engaged to be married, and the mother of three children, from 6 to 16 years old. She has been a merchant at a local market for eleven years. Her meager capital often compels her to purchase two or three bags of chili peppers retail. Having to sell her entire inventory before being able to renew it, she often has inventory shortages which prevent her from satisfying her burgeoning customer base appropriately and from making a significant profit. So she is requesting this loan to purchase more bags (10) of chili peppers enabling her to satisfy her customer and to increase her sales and thus her profits. She will reinvest part of her profits in her business and will save the other part for her children's schooling costs.
Previous Loan DetailsSebastienne Eugenie is a young, 31-year-old, woman. She is engaged and is the mother of 3 children, aged between 5 and 15 years. She has been a retailer of peppers in a local market for 10 years. Her small amount of capital often limits her to buying one net of peppers, which frequently leaves he... More from Sebastienne Eugenie'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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