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Sylvie Michelle
Sylvie is a young, 28-year-old woman who is married and has one child who goes to school. She has a further two people under her care. She has worked from home for 11 years, dyeing all kinds of clothing which she then resells. Her business is really successful thanks to the good quality of her services, as well as her experience in this area, which has helped her build up a considerable customer base.

Sylvie’s concern, however, is that she will not be able to meet the needs of these customers, as her capital is so low. This means she has to buy products on a retail basis to meet one wave of demand, before waiting to be paid before she is able to meet the needs of more customers. She therefore needs a loan to help her buy bulk material to use for her work, allowing her to meet all her customers’ needs and increase her income. She will save part of this profit to open a store over time, and the other part of her profits will help her to provide for her family on a daily basis.
View original language description ↓
Sylvie est une jeune femme de 28 ans, mariée et mère d'un enfant qui va à l'école. Elle a également à sa charge deux autres personnes. Elle fait la teinture à son domicile des vêtements de toutes sortes qu'elle revend depuis 11 ans déjà.Son activité fonctionne à merveille grâce à la bonne qualité de ses services et à son expérience dans ce domaine elle a acquise une clientèle considérable.Mais le souci est qu'elle n'arrive pas à satisfaire les besoins de cette clientèle à cause de la petitesse de son capital qui l'oblige à acheter les produits en détails pour satisfaire une vague et attendre qu'elle soit payée par celle-ci pour pouvoir satisfaire l'autre vague. D'où la nécessité de ce crédit qui l'aidera à acheter son matériel en gros pour travailler et lui permettra de satisfaire toute sa clientèle,d'augmenter ses bénéfices.Elle économisera une partie de ce profit pour ouvrir une boutique avec le temps et l'autre l'aidera à subvenir aux besoins quotidiens de sa famille.

Additional Information

More information about this loan

This loan is part of ACEP Cameroun's 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

  • $2,400
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,320,725
    Funds lent in using Kiva
  • 524.6
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Sylvie Michelle to buy bulk dyeing materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 26, 2012
Jun 29, 2012
Currency Exchange Loss:
Sep 17, 2013