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Sayit
Sayit is a Cameroonian aged 36 and living in an urban area. He is married with five children; the oldest child is 12 in secondary school, and the youngest is 3 in nursery school. He has been in this business for the past 18 years, which makes him very experienced and stable. He is likely to succeed because of his longevity and experience in the business, and also because the business is located near a mosque, where there are always many potential customers.

This loan will help him increase his turnover from 900,000 XAF (Communaute Fananciere Africaine Francs Beac) to 1,150,000 XAF, and his profit will increase by 13 percent monthly. His standard of living will also increase as well.

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
  • $1,184,725
    Funds lent in using Kiva
  • 489.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Sayit to buy communications credits.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2013
Listed
Sep 1, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 31, 2014