Hélène would like to increase her stock of cosmetic products in her space, so as to prevent customers from going over to the competition. She would also like to buy another hair dryer and some chairs to accommodate her customers more and to be diligent in providing her services. This will improve the quality of her services and to increase her profit margin.
She will reinvest part of her profits into her business with the goal of opening a center of cosmetology in the near future. The rest of the profits will enable her in part to meet the day-to-day needs of her 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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Success!! The loan was 100% repaid