Pélagie has been working in the restaurant business for the past four years. Thanks to her warm welcome, to the high quality of her dishes, and especially to her reasonable prices, she has managed to build a large customer base, which is becoming increasingly demanding.
Because her turnover is quite small, she can no longer respond to the various grievances of her customers. This loan will help her to buy crates of drinks and fish, chicken and other ingredients. This, in turn, will allow her to diversify and increase the quantities of the food products that she uses to prepare her meals, and therefore satisfy her customers' needs and increase her profit margin.
Pélagie will reinvest part of her profits in her business, with a view to expanding it. The remaining part will be used to support her 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