Her customer base is becoming significant, so she no longer can satisfy the need due to her meager capital, which compels her to maker her purchases at the retail level. Her customers sometimes turn toward the competition, thus the importance of the current loan for her shop to bolster her small business fund, so as to diversify her merchandise (rice, salt, mineral water, boxes of sugar, sweets, …) and to increase her profit margins.
Marie will reinvest part of her profits into her business to cover the needs of her sector. The other part will enable her to meet her day-to-day needs and those 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