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Etienne
Etienne is a 46-year old man, married and the father of six. For 11 years, he has been running a firewood warehouse in a local neighborhood. He is applying for this loan in order to increase his stock of firewood and increase his sales and his profits. The resulting revenues will be used to expand his business and also to provide for his children’s education.
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Etienne est une homme de 46 ans, marié et père de 6 enfants. il gère un dépôt de vente de bois de chauffage depuis 11 ans dans un quartier de la ville. il sollicite ce crédit pour renforcer son stock de bois de chauffage pour augmenter ses ventes et son profit. les bénéfices générés serviront à agrandir son activité d'une part et d'autre part à assurer la scolarité de ses enfants

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.

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About Cameroon

  • $2,400
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,180,425
    Funds lent in using Kiva
  • 494.6
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Etienne to buy firewood.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2013
Listed
Sep 23, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014