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Hassan
Hassan is a young Cameroonian, age 27, married with three children. The oldest is in primary school, while the youngest is just 8 months old. He has been in his business for the past ten years, which makes him very experienced and stable. This business is successful because it is located in an urban area and more so because of the experience he has gained over time. He is likely to succeed because mobile phones are a new phenomenon where he is located, so many people are anxiously buying and repairing their mobile phones. This loan will help him open two new phone-repairing shops.

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
  • 495.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Hassan to buy new software for phone repairs.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2013
Listed
Sep 3, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 4, 2014