The growth of Samuel’s customer base has brought problems, as he cannot meet demand because his capital is so low. This means he has to go and buy stock every weekend on a retail basis, and then return and resell this stock. This does not give him enough profit, and that is why a loan is so important for Samuel, as it will allow him to buy a bundle of clothing and shoes for his store. As a result, he will not only be able to satisfy his customers, but also make more profits. He plans to reinvest these profits in expanding his business.
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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