Seven years ago she opened and started to manage a shop where she sells drinks and clothes. Although her business is doing well, her stock is often limited because she can only buy small quantities of goods due to her small capital. She constantly has to sell her entire stock before she can purchase more goods.
This is the reason why she needs this loan, which will allow her to buy more crates of drinks and a bale of used clothing.
Profits from this loan will help Clémentine to improve her storefront, and also to expand her business. She plans to save the rest to pay for her daughter's school tuition.
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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Success!! The loan was 100% repaid