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Augustin
Augustin is a 47-year-old, married man with children.

He has sold doughnuts in a neighbourhood of the capital city for five years. His expertise in his trade, and his good prices, have allowed him to build up and retain an ever-growing clientele. This increasing demand, and his lack of capital, have led Augustin to request this loan. He will use his loan to buy sacks of flour and a barrel of oil. The earnings that Augustin makes will be reinvested in his business, and some will be saved to pay for his children's schooling.
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Augustin est une homme de 47 ans mariée, père de famille. Il est commerçant et vend des beignets depuis 05 ans dans un quartier de la capitale.Son savoir faire dans ce domaine et les prix pratiqués lui ont permis d'acquerir et fidéliser une clientèle qui s'accroît au jour le jour. Ce qui l'amène à vouloir ce crédit parce que son capital ne lui permet plus de satisfaire pleinement sa clientèle. Grâce à lui,elle pourra augmenter son stock en achetant (des sacs de farine, un bidon d'huile ) .Les bénéfices que lui apportera ce crédit seront en partie reinvesti dans son activité et le reste sera économisé pour la scolarité de ses enfants.

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.

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About Cameroon

  • $2,400
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,184,725
    Funds lent in using Kiva
  • 481.5
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $425 helped Augustin to increase his stocks of flour, oil and sundry items.
97% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 9, 2013
Listed
Jan 10, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 11, 2015