Sylvie sells telecommunication recharge cards in one of her city's neighborhoods. The loan that she is requesting will allow her to buy her goods directly from MTN, the telecommunication provider. This will help her to increase her profit margin and customer base.
The profits from this loan will allow her to avoid the suppliers' loans. She will also be able to reinvest these profits into the building of a stall, while the rest of the money will be used to take care of her family's needs (food 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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