The growth in his customer base poses a problem, since he no longer manages to satisfy all his customers due to low capital funds, which compels him to go to the outlets each weekend to buy retail and then come back to make his sales. This doesn't bring in enough profit, therefore this loan is important for Martin, enabling him to purchase a bale of clothing for his store. This will allow him not only to satisfy his customers but also to make more profit. He would like to reinvest his profits in his business in order to expand it.
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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