She has been a retailer for 24 years already, selling charcoal that she buys wholesale to her retail customers. Her warm welcome and her experience have ensured that her customer base has grown over time, but the small amount of capital that she has means that she cannot satisfy them all - thus the importance of this loan, which will enable her to satisfy her clientèle by increasing her stock, and will also boost her sales numbers and profits.
She will reinvest part of her profits in her business and will use the rest to help her husband in meeting their family's daily expenses.
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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