However, the significant growth of his customer base means that it has become difficult for him to meet demand. This is due to a lack of capital, which has lead to his request for a loan. This loan will allow Alfred to increase the number of cases of bottled drinks he keeps in stock, which will help him not only to satisfy the demand of his customers but also to increase his sales and income. He will reinvest a portion of his income into his business, and the rest he will use to meet the daily 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