Pelagie works to order, and also makes display items. Thanks to her know-how and experience in this field, she has built up a loyal customer base over time. The constant growth in customer numbers means that supply is lower than demand. Faced with this situation, Pelagie would like to take out a loan so that she can buy fabrics to increase her stock for dressmaking, a mannequin for display purposes, and a sewing machine. This will increase her sales and, consequently, her profit margin. Pelagie plans to save part of these profits for her children’s education, and will reinvest the rest in expanding her business.
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