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Marie Conception
Marie Conception is a 44-year old woman, who is single and mother to five children, whose ages range from three to 19 years old. Two of her children still go to school. Marie has been a trader in one of the capital's markets for the past seven years and has a stall on which she sells fresh and dried food (tomatoes, potatoes, vegetables, groundnut, etc.). Her business is going well, but she often faces the problem of a shortage of stock. She would really like to expand her business in order to respond on a timely basis to the demands of her ever-increasing customer base. It is for this reason she is getting a loan. The profits she makes as a result of the loan will be partly reinvested in the business and partly to take care of her family.
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Marie Conception est une jeune femme de 44 ans célibataire et mère de cinq enfants dont l'âge vari entre 19 et 3 ans. parmi ses enfants, deux vont encore à l'école. Marie est une commerçante dans un marché de la capital depuis sept années et détient un comptoir sur lequel elle commercialise des vivres frais et secs( tomates, pommes de terre, légume, arachide, etc.)Son activité se déroule bien, mais elle est très souvent confrontée aux problèmes de rupture de stocks de marchandises. Elle désire ardemment agrandir son activité pour pouvoir répondre dans les délais aux attentes de sa clientèle qui va grandissante de jour en jour. D'où la nécessité pour elle d'obtenir ce crédit. Les bénéfices qui en résulteront seront d'une part réinvestis dans l'activité et l'autre partie lui permettra de s'occuper de sa famille.

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

  • $2,421
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,161,000
    Funds lent in using Kiva
  • 483.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $525 helped Marie Conception to buy goods (fresh and dried food).
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2013
Listed
Nov 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015