Albertine is a 32 year old woman who is married with a six-year old child who goes to school already. She also has two other people dependent on her. She is a businesswoman who for 16 years has been selling retail her fresh produce (manioc, plantains, tomatoes, chili, palm nuts, and fruit) according to the seasons at a local market. She has a good understanding of her suppliers as well as her clientele which thanks to her experience in this business she has gathered over the years. However, she is constantly out of stock of certain products due to the fact that she has to sell all her goods in order to be able to buy more because she has so little capital. She would like to buy a sack of pistachios, some chili, maniocs and bunches of plantains to have a good reserve which would enable her to better satisfy the constant demand of her clientele and avoid being sold out. She will save up her profits to not only enhance her business, but also provide for her family.
Albertine est une femme de 32 ans mariée mère d'un enfant de 6 ans qui va déjà à l'école. Elle a aussi 2 autres personnes à sa charge. Elle est commerçante et fait la vente en détail des vivres frais (maniocs, plantains, tomate, piment, noix de palmes et fruits) en fonction des saisons dans un marché de la place depuis 16 ans. Elle a une bonne connaissance des fournisseurs, et surtout de sa clientèle qu'elle a acquise au fil du temps grâce à son expérience dans ce domaine. Mais elle se retrouve constamment en rupture de stock parce qu'elle est obligée de faire écouler tous le stock pour pouvoir s'en procurer à nouveau ceci à cause de la petitesse de son capital. Elle souhaitera acheter un sac de pistache, de piment, de maniocs et des régimes de plantains pour avoir un bon stock ce qui permettra de mieux satisfaire la demande constante de sa clientèle et d'éviter les ruptures de stocks. Elle économisera son bénéfice pour non seulement agrandir son activité mais aussi subvenir aux besoins de sa famille.
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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.