Her business functions normally, but does not bring in very much because she buys her merchandise retail to resell it. Thanks to this loan, Chantal will be able to buy her merchandise wholesale (crates of tomatoes, green condiments). This will increase her sales and thus her profit margin. She will save part of these profits to help her fiancé with their children's schooling and the rest will be reinvested in her business to expand it.
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