She sells charcoal and both dried and fresh food depending on the season. Her business allows her to support her family, but her small amount of capital prevents her from buying goods in bulk and thus earning bigger profits. She has to buy her goods individually, which is why this loan is so important for her business. The loan will enable her to buy bags of charcoal and pistachios so that she can avoid running out of stock, satisfy her customers, and increase her profit margin.
She will use the profits to pay for her children's education.
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