The high quality of her merchandise and her outgoing personality allow Delphine to attract and retain customers in a short amount of time. The growth of her customer base has meant supply has fallen short of demand, which is what prompts her need for a loan for her business. This loan will allow Delphine to increase her inventory (roughly one bag of rice, groundnuts, a package of fish, and firewood). This will enable her to avoid depleting her inventory, to satisfy her customers and to increase her profit margin.
The profits generated by this loan will be partially reinvested into Delphine's business in order to grow it, and the remainder will help her address various everyday issues.
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