However, Moise’s low capital does not allow him to manufacture several pieces of furniture to put on display in his workshop window to attract customers (and to sell this furniture). This is why he has requested this loan to buy wood, planks and upholstery to make furniture. Part of the profits he will receive will help him to provide for his family and save for his children’s education. He plans to reinvest the rest 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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Success!! The loan was 100% repaid