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Valerie

Update on Valerie

Valerie is a 38-year-old woman and the mother of a family. She has been running a bar-restaurant in a district in the capital for four years already. There, she sells hygienic beverages and food. She has acquired experience in this domain over the course of time, and this has enabled her to earn a considerable customer base. Unfortunately, her meager inventory prevents her from satisfying the customer demand appropriately. Thus, her customer base has shrunk significantly resulting in a drop in sales and therefore in her profits, too.

She is requesting this new loan to be able to purchase more cases of beverages and also some chairs to expand her business.This will enable her to retain customer and earn more, but to be more exact, to increase her sales and her profits as well. The profits will allow her in part to expand her business and to renovate it, as well as to meet family needs.
View original language description ↓
Valerie est une femme de 38 ans, mère de famille.Elle gère un bar-restaurant dans un quartier de la capitale depuis 04 ans déjà où elle vend des boissons hygiéniques et de la nourriture.Elle a acquise au fil du temps une expérience dans le domaine ce qui lui a permis de gagner une clientèle considérable. Malheureusement,la petitesse de son stock ne lui permet pas de satisfaire convenablement la demande de sa clientèle ce qui crée par conséquent une diminution importante de celle-ci ce qui entraîne de ce fait la baisse de ses ventes et donc de ses bénéfices. Elle sollicite à nouveau ce crédit pour pouvoir acheter plus de casiers de boissons et aussi les chaises pour agrandir sa structure. ce qui lui permettra de retenir et gagner la clientèle mais plus précisément d'augmenter ses ventes et son bénéfice. benefice qui lui permettra d'une part d'agrandir et d’aménager sa structure et d'autre part de subvenir aux besoins de sa famille.

Previous Loan Details

Valerie is a 37-year old woman, married, with children. For four years, she has been managing a bar-restaurant in one of the capital city’s districts. She sells health drinks and food. Over time, she has acquired a good business experience, which allows her to attract a sizeable customer base. ... More from Valerie'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
  • 476.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Valerie to build up her stock of beverages and buy chairs.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2013
Listed
Oct 30, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014
This photo was used before for a previous loan for Valerie. It was first posted on Kiva on Oct, 2012. Learn More