The continual growth of her customer base and her meager capital means her supplies are less than the demand. This sometimes pushes some of her customers toward the competition, thus the importance of this loan for her business.
This loan will enable her to increase not only her stock of beverages (40 cases) but also to satisfy her customers and particularly to bring them back. This will increase her sales and therefore her profit margins.
Philomène will save part of her profits for her children's education, and she will invest the other part in her business because she would like to open a warehouse for beverages in the near future.
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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