The constant increase in Minette’s customer base means that supply is lower than demand, and loans are therefore important for her business. Thanks to these loans she has been able to buy basic goods (a box of soap, bag of rice, box of sugar and cubes), which will allow her to easily satisfy her customers, increase her sales and have a higher profit margin. Minette plans to reinvest part of her profits in her business, while the rest will allow her to provide for her family, for which she is responsible.
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