Her small amount of capital allows Vendeline to refresh her stock of merchandise in time because she is forced to clear her stock in order to be able to stock back up again without running out of stock. She is requesting a loan to be able to purchase wholesale charcoal and plantains. This will meet Vendeline's customers' needs, will improve her sales and therefore her profit margin. The profits generated by this loan will be partially reinvested in her business and the remainder will help Vendeline to take care of her 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