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Albert Michel
Albert is a 40-year-old married father of four children. He has worked as a vendor in a marketplace for 15 years, where he sells plastic shoes for young people, men and women (according to the seasons and what shoes are available). As he has very little capital, he is forced to to go to the warehouse every weekend in order to buy specific shoes for him to sell at his stall. This doesn't bring in much profit for his business, and it shows why this loan is so important. It will allow him to buy mixed bundles of shoes (for men, women and children). He will save the profits he will earn from this loan in order to open a shop.
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Albert est un homme de 40 ans marié et père 4 enfants. il est commerçant dans un marché de la place depuis 15 ans où il vend les chaussures plastiques des jeunes, hommes et des dames (en fonction des saisons et des ballots). A cause de la petitesse de son capital, il est obligé d’aller au déballage chaque week-end pour acheter en détail les vêtements qu'il expose dans son comptoir. Cela ne rapporte pas vraiment d'où l'importance de crédit pour son activité parce qu'il lui permettra d'acheter un ballot mixte ( homme, femme et enfants). ceci augmentera non seulement son capital, ses ventes, ainsi que sa marge bénéficiaire. Bénéfice qu'il économisera pour ouvrir une boutique.

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.

About Cameroon

  • $2,400
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,184,725
    Funds lent in using Kiva
  • 477.5
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $425 helped Albert Michel to purchase a bundle of shoes.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2013
Listed
Nov 21, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014