Albert works as a seller in one of the neighborhoods of the capital city, where he has been running a clothing and jewelry shop for the past ten years already.
Thanks to the quality of his products, to his reasonable prices, and to his own enthusiasm, Albert has been able to build a large customer base. However, since he is constantly out-of-stock, some of his customers are no longer faithful to his business.
This is why he is requesting this loan, in order to purchase clothes, jewelry and phone accessories, and therefore increase his stock of merchandise. He hopes that this will help him to regain customer loyalty and and to increase his profit margin.
He would like to use his profits to reinvest in his business, and he dreams about opening new shops in the future.
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