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Jean Seraphin
Jean is a 28-year-old man who works in commerce. He opened a grocery store in a neighborhood in the region's capital city and has been running it for three years now. His small store is working out thanks to the warm welcome he gives everyone, his experience in the field and the customers he has gained over time. His number of customers has increased and he is no longer able to satisfy them because he doesn't have much capital and this forces him to buy retail. He is requesting this loan to strengthen his small amount of working capital so that he can diversify his merchandise (rice, salt, boxes of sugar, boxes of soap...), and increase his profit margin. He will re-invest part of his profits into the business so that he can meet the needs of the people in his area. The rest will allow him to meet his own daily needs and those of his family.
View original language description ↓
jean est un homme âgé de 28 ans commerçant. Il a ouvert une alimentation dans un quartier de la capitale qu'il gère depuis 3 ans déjà. Son petit commerce fonctionne grâce à son acceuiel chaleureux, son expérience dans ce domaine et la clientèle qu'il a acquis avec le temps. Cette dernière devient importante et là, il n'arrive plus à la satisfaire à cause de la petitesse de son capital qui l'oblige à acheter en détail.Il sollicite ce crédit pour renforcer son petit fond de commerce pour diversifier sa marchandise (riz, sel,cartons de sucres, des cartons de savons,...), et pouvoir augmenter sa marge bénéficiaire. Il réinvestira une partie de son bénéfice dans l’activité pour couvrir les besoins de son secteur et l'autre partie lui permettra de subvenir à ses besoins quotidiens et ceux 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
  • $1,321,250
    Funds lent in using Kiva
  • 496.0
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Jean Seraphin to buy a box of oil, soap, sugar and bags of rice.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 7, 2012
Dec 20, 2012
Currency Exchange Loss:
Oct 2, 2014