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Ngo Nyeheg

Update on Ngo Nyeheg

Leticia is a young 29-year-old woman, married and a mother. She has been a merchant in the pastry business for the past five years.

Thanks to her warm welcome, the good quality of the cakes she offers, and especially their prices, she has acquired a considerable customer base, which becomes more and more demanding. Her low sales volume no longer allows her to satisfy their various requests.

And so this loan will enable her to purchase a sack of flour and other ingredients so she can diversify and increase the number of cakes. This will increase her sales and thus her profit margin.

She will save part of the profits to invest in her business, and the rest will help her to support her family.
View original language description ↓
Leticia est une jeune femme de 29 ans mariée mère de famille . Elle est commerçante dans le domaine de la patisserie depuis 5 ans. Grâce à son accueil chaleureux et à la bonne qualité des gateaux proposés,et surtout aux prix pratiqués, elle a acquis une clientèle considérable et de plus en plus exigente.La petitesse de son chiffre d' affaires ne lui permet plus de satisfaire les doléances variées de la clientele. en effet,ce crédit lui permettra d'acheter un sac de farine et les ingrédients afin de diversifier et augmenter les quantités des gateaux. ceci augmentera ses ventes et donc sa marge bénéficiare Elle économisera une partie de ce bénéfice pour l'investir dans son activité et le reste l'aidera à subvenir aux besoins de sa famille.

Previous Loan Details

Leticia is a young woman, 28 years old, married, and a mother with a family. She has been a businesswoman in the domain of pastries for three years. Thanks to her warm welcomes and the good quality of the cakes she offers, and especially the practical prices, she has acquired a considerable… More from Ngo Nyeheg'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

  • $2,421
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,164,075
    Funds lent in using Kiva
  • 482.1
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Ngo Nyeheg purchase flour and ingredients to make cakes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Oct 4, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 3, 2014
This photo was used before for a previous loan for Ngo Nyeheg. It was first posted on Kiva on Sep, 2012. Learn More