For the past ten months, Gergette has been working as a retailer in one of the neighborhoods of the capital city.
Thanks to her enthusiasm and to the quality and reasonable prices of the goods that she sells, she has managed to attract a large group of customers. However, she is losing customer loyalty because she is constantly out-of-stock. This is why she is requesting this loan, so that she can increase her stock of goods (she specifically wants to buy cans of paint and some shovels).
She plans to reinvest part of her profits into her business. The rest will be used to help her husband meet the needs of the household.
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