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Merlin
Merlin is a 32-year-old man, who is engaged to be married and is the father of five children aged between 2 and 12. Three of his children go to school. He works selling ice creams in the capital, and has done so for 10 years. It is thanks to this that he is able to provide for his family.

Merlin's business is doing well, but he needs capital to increase his sales and his profits. He plans to reinvest part of these profits in expanding his business, and will use the rest to provide for his family.
View original language description ↓
Merlin est un homme de 32 ans, fiancé et père de 5 enfants dont l'âge varie entre 2 et 12 ans. Trois de ses enfants vont à l'école. Il commerçant et vend les glaces dans la capitale depuis 10 ans. c'est grâce à cette activité qu'il subvient aux besoins de sa famille. Son activité fonctionne bien mais il a besoin de capital pour augmenter ses ventes ainsi que son bénéfice. bénéfice qui sera réinvesti en partie dans son activité pour l'agrandir et le reste lui permettra de subvenir aux besoins 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
  • $1,168,400
    Funds lent in using Kiva
  • 482.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $225 helped Merlin to buy four bags of powdered sugar.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2013
Listed
Dec 6, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 31, 2015