Thanks also to his expertise in his field, to his warm welcome and good neighborly relationships, he has managed to attract a very large group of customers. However, an increasingly large customer base means that the demand from his customers now exceeds his supply capacity. This is the reason why he is in need of a loan to carry out his activity.
This loan will help him to buy staple products such boxes of soap and sugar, bags of rice and (bouillon) cubes. This, in turn, will allow him to adequately meet his customers' needs, increase his sales and his profit margin.
Since Charles' dream is to run a large grocery store, he will reinvest part of his profits in his business, with a view to expanding it. The remaining part will be used to support his family, whom he cares for.
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