His business is a store in which he retails groceries and sanitary beverages. He has 30 months of experience in this business. With this loan, he would like to increase his stock of beverages as well as of groceries and be able to sell wholesale to retailers, which generates slightly higher profit.
In the long run, his ambition is to purchase some land on which to build in order to guarantee stability for his family.
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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