Thanks to his enthusiasm and his good experience in this field, he has managed to attract an increasing number of customers. However, he is currently having a hard time meeting all of his customers' needs, because his capital is very small.
For this reason, Souleman is requesting a loan which will allow him to increase his stock of spices (white and black pepper, sachets of pimento, chicken, fish and pork seasonings...)
The profits from this loan will be reinvested, in part, into expanding his business, while the rest will be used 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