For the past two years, she has run a small business - a hairdressing salon - in one of the neighborhoods of the capital city.
Thanks to her warm welcome, to her expertise, and to the low prices of her services, she has managed to attract an increasingly large number of customers. However, she is currently having a hard time meeting their needs since she is constantly out-of-stock.
This is why she is requesting this loan, in order to increase her stock of goods (hair extensions, weaves...). She hopes that this loan will help her to rebuild some customer loyalty and to boost her profits. She plans to use her profits to expand her business and maybe hire some employees.
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