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Serge Noel

Update on Serge Noel

Serge is a young bachelor of 33 years who has been in the business of mobile phone accessories retail for 4 years in an open-air market. His business is very successful.

Serge is requesting a loan to increase is stock of merchandise and therefore his sales, in order to generate additional profits which he will reinvest in his business. This will allow him to repay his loan. His goals are to sell phone accessories and VIP repairs to ensure better conditions for his family.
View original language description ↓
Serge est un jeune célibataire de 33 ans qui exerce son commerce de detail des accessoires de téléphone mobile dépuis 04 ans dans un marché de la place. son activité marche très bien . il veut un pret pour booster son stock de marchandises ainsi que les ventes et par conséquent engendrer les bénéfices suplementaires qui sera re investi dans son activité toute en privillegiant le rembousement du crédit. ses ambitions sont celles de la vente des accessoires de téléphone et le dépannage VIP pour assurer les meilleurs conditions de vie familliales.

Previous Loan Details

Serge, age 32, is a single man who has been selling mobile phone accessories at a local market for four years. He is running a successful business and now wishes to obtain a loan to stock up on merchandise and bolster his sales. This will help to increase his profits, which he will use to rep... More from Serge Noel'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

  • $2,400
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,192,800
    Funds lent in using Kiva
  • 479.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Serge Noel to buy mobile phone accessories and parts for sale and repair.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 25, 2013
Jan 25, 2014
Currency Exchange Loss:
Mar 3, 2015
This photo was used before for a previous loan for Serge Noel. It was first posted on Kiva on Feb, 2013. Learn More