She has been working in the restaurant business for five years, and she serves meals locally, in her town. Courageous and determined, she financially supports her children.
She is requesting a loan to buy some basic food supplies (bags of rice, bags of beans, 10 egg trays, breakfast goods). This will allow her to boost her stock of goods, which is quite low, and to increase her turnover and profits.
Madeleine will reinvest her profits into her business and will use the rest of the money to meet her basic needs as well as those of her children.
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