She has been raising animals for one year now (she buys chicks, raises them, and resells them). Her business is going very well, but she doesn't have much capital, so each time that she buys chicks, she has to wait for them to grow and then resell them before she can go out and buy new chicks. So, she is often out of stock, which means that her customers are often dissatisfied.
She is seeking this loan to buy a large quantity of chicks and some animal feed, which will not only allow her to satisfy her already growing customer base, but also earn more profit. The extra earnings that this loan will help bring in will help her to expand her business (increase her stock of chicks) and provide for her family's daily needs.
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