He is a merchant who opened his mini-grocery four years ago, and continues to manage it today. There, he has been selling staple commodities for the past year. He buys the supplies for his shop in small quantities and thus is forced to go to the market frequently. This loan will allow Rigobert to satisfy his growing customer base by purchasing his supplies at wholesale to sell at retail. Not only that, but he will be able to avoid coming and going constantly, which will increase his revenue. Some of the supplies he plans to purchase with this loan are: a sack of rice, a carton of soap, sugar, detergent, sweets, and oil.
Rigobert plans to save part of the income generated by this loan to reinvest in and enlarge his shop. The rest he will use to help provide for 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