Ten years ago he opened a laundry, which he has been running since then. His business is going well, but in order to provide a faster delivery service and to better satisfy his customers, he is requesting a loan from us, in the amount of 250,000 CFA francs.
He will use this loan to buy a new washing machine.
Profits from Janvier's loan will be reinvested in part in his activity, while the rest will allow him to leave his parents' house.
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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