Joseph is a 33-year-old man who is engaged to be married. He is a father with two children, aged 6 and 8, who go to school. Joseph is a merchant and has opened a small shop. He has been selling phone accessories and phone minutes there for seven years. His business is due to having a good location and to his experience in this domain. This has enabled him to grow his customer base over the course of time.
Joseph is requesting a loan to increase his stock of phone accessories, as well as phone minutes, thus enabling him to avoid merchandise shortages, with which he is often confronted, since his meager capital compels him to sell a good part of his inventory in order to be able to stock up again. He would not only be able to satisfy his customers further but also to increase his sales and therefore his profits.
He will reinvest part of his profits into his business to expand it. And the rest will allow in to meet the needs of his family.
Joseph est un homme de 33 fiançé père de deux enfants de 6 et 8 ans qui vont à l'école. il est commerçant et a ouvert une petite boutique dans laquelle il vend des accessoires téléphoniques et crédit de communication depuis 7 ans. son activité fonctionne grâce à son bon emplacement et son expérience dans ce domaine qui lui ont permis d'agrandir sa clientèle au fil du temps. Il sollicite ce crédit pour augmenter son stock de marchandise saccessoires téléphoniques ainsi que le crédit de communication) celà lui permettra d'éviter la rupture de stock à laquelle il est souvent confronté pour cause la petitesse de son capital qui l'oblige à faire écouler une bonne partie de son stock pour pouvoir s'approvisionner à nouveau. Ceci va lui permettra non seulement de mieux satisfaire sa clientèle, mais aussi d'augmenter ses ventes et donc ses bénéfices. Il réinvestira une partie de ces bénéfices dans son activité pour l'agrandir et le reste lui permettra de subvenir aux besoins de sa famille.
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 Cameroun
Agence 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.