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Marie Madeleine

Update on Marie Madeleine

Marie is a single woman who lives in one of the capital's districts. She has been running a restaurant for the past three years, where she serves a variety of dishes. Due to her high energy, she has built up a customer base that she would like to continue to satisfy. In order to do this, she is requesting a loan so that she can increase her stock of food and beverages. The profits made as a result of this loan will allow her to ensure the longevity of her business while meeting the needs of her brothers.
View original language description ↓
Marie est une femme célibataire qui vit dans un qartier de la capital. Elle tient un restaurant depuis trois ans où elle propose divers plats. Grace à son dynamisme elle s'est faite une clientèle dont elle aimerait continuer de satisfaire. Pour cela, elle sollicite un prêt dans l'otique d'augmenter son stock de nourriture et de boissons. Les bénéfices tirés de ce prêt lui permettront d'assurer la pérennité de son entreprise tout en subvenant aux besoins de ses frères.

Previous Loan Details

Marie is a single woman who lives in a neighborhood in the capital. She has been running a restaurant for two years, where she serves diverse dishes. Due to her high energy, she has built a clientele she’d like to continue to satisfy. In order to do this, she is seeking a loan to increase her sto... More from Marie Madeleine'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
  • $1,168,400
    Funds lent in using Kiva
  • 482.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $425 helped Marie Madeleine to increase her stock of food and beverages.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2013
Listed
Dec 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 31, 2015