Anastasie works selling foodstuffs (peanuts, pepper, onions and okra), and has done so for the past two years. She does not have a lot of capital, which means she has to buy her merchandise in small quantities, wait until it is all sold, and then buy more. This leads to a permanent stock shortage, and dissatisfaction among her small customer base.
If she increases her capital, not only will she be able to increase her stock, but she will also meet her customers’ needs by avoiding stock shortages, be able to sell more, and see her profits increase. Anastasie plans to reinvest part of her profits in her business, and will save the rest for when her children go back to school.
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 CamerounAgence 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.
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