However, he is constantly running out of stock as he is obliged to exhaust his supplies completely in order to be able to buy more, due to his lack of working capital.
He would like to buy sacks of corn, rice, nuts, couscous and of beans in order to have a good stock, so he can better meet the constant demand of his customers and avoid being out of stock. He will save his profits, both to grow his business and also to meet his family's expenses.
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.
0View loans »
Success!! The loan was 100% repaid