Update on CécileCécile is a 50-year-old woman who has two children, aged 25 and 21. She opened and has been running a small school canteen for eight years, where she sells African meals and carbonated drinks.
This loan will allow her to increase her stock of the basic ingredients (rice, macabo [a tuber similar to taro root], meat, spaghetti, ndolé [bitterleaf]...) for these meals and her stock of goods to sell (juice, mineral water, ...), so she can meet the needs of her customers and increase her sales and earnings.
She will reinvest part of her earnings back into her business. Part will be used to buy a piece of land, and the other part will be used to support her family's needs (diet and education).
Previous Loan DetailsCécile is a 49-year-old woman who has 2 children aged 24 and 20 years old. She opened and has managed a small school canteen for 7 years in which she sells African meals and carbonated beverages. This loan will allow her to increase her stock of the basic ingredients for these meals (rice, ta... More from Cécile's previous loan »
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 CamerounAgence 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.
0View loans »