His small capital does not allow him to buy large quantities of goods. He constantly has to sell his entire stock of merchandise before he can buy more, which means that he is always out-of-stock.
He is requesting this loan to increase his capital and therefore his inventory of cell phones, which will allow him to renew his inventory without having to first sell all his merchandise.
Part of his profits will be reinvested in his stall, while the rest will be saved for his child.
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