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.
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