Mama is requesting a loan to increase his stock of merchandise. This will allow him to avoid running completely out of stock - something he is often faced with due to his lack of capital which forces him to run through a substantial amount of his stock to have enough to be able to re-stock again. This will increase his sales and therefore his profits. Mama will reinvest a part of these profits into his business in order to expand it, and the rest will allow him to provide for the basic needs of his 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