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Philomène is a young woman, 33 years old, engaged to be married, and the mother of three children, 12 to 17 years old. In addition, she has two other persons to support. She is a merchant and opened a bar in a district in the capital that she has been running for eight years. Thanks to her warm welcomes and her experience in this domain, she won over a loyal customer base over the course of time.

The continual growth of her customer base and her meager capital means her supplies are less than the demand. This sometimes pushes some of her customers toward the competition, thus the importance of this loan for her business.

This loan will enable her to increase not only her stock of beverages (40 cases) but also to satisfy her customers and particularly to bring them back. This will increase her sales and therefore her profit margins.

Philomène will save part of her profits for her children's education, and she will invest the other part in her business because she would like to open a warehouse for beverages in the near future.
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philomène est une jeune femme de 33 ans fiancée, mère de de 03 enfants dont l'age varie entre 12 et 17 ans, tous vont à l'école. En plus de celà, elle a deux autres personnes à sa charge. Elle est commerçante et a ouvert un bar dans un quartier de la capitale qu'elle gère depuis 8 ans. Grace à son chaleureux acceuil, et à, son expérience dans ce domaine, elle a conquis et fidélisé une clientèle au fil du temps. La croissance continuelle de sa clientèle et la petitesse de son capital rendent l'offre inférieure à la demande, ce pousse parfois une partie de sa clientèle à se tourner vers la concurrence d'où l'importance de ce crédit pour son activité. Ce crédit lui permettra d'augmenter non seulement son stock de boissons (40 casiers), mais également de satisfaire et surtout de recuperer sa clientèle. Ceci augmentera ses ventes et donc sa marge bénéficiaire. Philomène économisera une partie de ces bénéfices pour la scolarité de ses enfants et elle réinvestira l'autre dans son activité parce qu'elle aimera ouvrir un dépôt de boisson dans un futur proche.

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
  • 5
    View loans »
    Cameroon Loans Fundraising
  • $1,321,250
    Funds lent in using Kiva
  • 531.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Philomene to buy 40 cases of beverages.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Aug 8, 2012
Aug 15, 2012
Currency Exchange Loss:
Dec 15, 2012