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Josephine

Update on Josephine

Josephine is a 32 year old married woman with two children, aged between 8 and 11 years. Both go to school. She opened and has run a small sewing shop mixed with a dry goods store in an area of the city for three years already. Her business works thanks to her knowledge and her experience which has allowed her to increase her customer base with time. She would like to buy sewing material wholesale to stock her little dry goods shop (bobbins of thread, fabric, needles, clasps) and sell retail to her customers. This will also help her for the clothing that she sews to resell. She would like to save the profits that this loan will bring her to help her husband with a portion of the education of their children and keep the rest because she would like to open another studio.
View original language description ↓
Joséphine est une femme mariée de 32 ans mère de 2 enfants dont l'âge varie entre 8 et 11 ans, les deux vont à l'école. elle avait ouvert et gère un petit atelier de couture mélangé d'une mercerie dans quartier de la ville depuis 3 ans déjà. son activité fonctionne grâce à son savoir faire, son expérience qui lui permis d'agrandir clientèle au fil du temps. Elle aimerai acheter à nouveau le matériel de couture en gros pour remplir sa petite mercerie (bobine de de fil, tissus, aiguilles fermetures)et détailler à ses clients. ceci l'aidera aussi pour la confection de des vêtement qu'elle coud pour revendre. Elle aimerai économiser le bénéfice que lui apportera ce crédit pour aider son époux avec une partie de la scolarité de leurs enfants et garder le reste parce qu'elle aimerai ouvrir un autre atelier.

Previous Loan Details

Josephine is a 31 year old married woman with two children, aged between 7 and 10 years. Both go to school. She opened and has run a small sewing shop mixed with a notions store in an area of the city for three years already. Her business works thanks to her knowledge and her experience which has... More from Josephine'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
  • $1,184,725
    Funds lent in using Kiva
  • 499.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Josephine to buy everyday items for sewing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 4, 2013
Listed
Sep 13, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014
This photo was used before for a previous loan for Josephine. It was first posted on Kiva on Jul, 2012. Learn More