His buisness is going well thanks to his warm hospitality and experience that have enabled him to attract a large customer base. However, the significant growth of his customer base does not allow him to satisfy the demand of his customers, due to his small amount of capital. That is why he is currently seeking a loan for his business, because a loan will allow him to increase his stock of beverages, which will not only allow him to satisfy his customers, but also to increase his sales and profit.
He will reinvest a portion of his profit in his business and the rest will allow him to meet the daily needs of his 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