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Alain
Alain is a 30-year-old married Cameroonian with four children; the oldest is eight and in primary school while the youngest is one years old. He has been in this business for over five years, which makes him very experienced, stable and his business profitable. He is likely to succeed because his business is located in an urban area with many potential customers. This loan will be use to increase his monthly turnover from three hundred thousand to five hundred and fifty thousand FCFA.

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
  • $1,173,050
    Funds lent in using Kiva
  • 482.7
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $325 helped Alain to buy used shoes for resale.
67% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2014
Listed
Jun 14, 2014
Currency Exchange Loss:
Possible