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Monique

Update on Monique

Monique is 52 years old. She is divorced and the mother of 5 children aged between 15 and 26. Three of her children still attend school. She is a retailer and has been selling firewood for 20 years; it is thanks to her business that she is able to meet her family's needs.

Her good knowledge and experience in her area of work have helped her grow her customer base over the years. She often gets her supplies in the villages, buying stacks of wood which she splits and sells retail.

Monique would like, thanks to this loan, to be able to buy a pickup load of wood because that would generate more profit for her. She will save a part of her profit and the rest of it will enable her to meet her family's needs.
View original language description ↓
Monique est une femme de 52 ans divorcé, mère de 5 enfants dont l'âge varie entre 15 et 26 ans. Trois de ses enfants vont encore à l'école. Elle est commerçante et vend du bois de chauffage depuis 20ans, c''est grâce à cette activité qu'elle subvient aux besoins de sa famille. La bonne maitrise et son expérience dans cette activité agrandit sa clientèle au fil du temps. Elle s’approvisionne sauvant dans les villages en achetant des tas de bois pour fendre et détailler. Mais elle aimerai grâce à ce crédit pouvoir à nouveau remplir un pick up de bois parce que cela lui rapportera plus de bénéfice. Elle épargnera une partie de son profit et le reste lui permettra de subvenir aux besoins de sa famille.

Previous Loan Details

Monique is 52 years old. She is divorced and the mother of 5 children aged between 14 and 25. Three of her children still attend school. Monique is a retailer and has been selling firewood for 20 years; it is thanks to her business that she is able to meet her family's needs. Her good knowledge a... More from Monique'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
  • $1,188,150
    Funds lent in using Kiva
  • 482.6
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $625 helped Monique to buy wood wholesale.
93% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2014
Listed
Jun 25, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 1, 2015
This photo was used before for a previous loan for Monique. It was first posted on Kiva on Jul, 2012. Learn More