This loan will allow her to increase her stock of the basic ingredients for these meals (rice, taro root, meat, pasta, ndole [bitterleaf]...) and her stock of goods to sell (juice, mineral water...) in order to respond to customer requests and to increase her sales and profits.
She will use a portion of the profits to reinvest in her business, another to buy some land, and another to support the needs of her family (nutrition and education).
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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