The growth in her customer base poses a problem, since she no longer manages to satisfy them all due to low capital funds, which compels her to go to the outlets each weekend to buy retail and then come back to make her sales. This doesn't bring in enough profit, therefore this loan is important, enabling her to purchase a bale of clothing for her store. This will allow her not only to satisfy her customers but also to make more profit. She would like to reinvest her profits in her 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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Success!! The loan was 100% repaid