She knows her suppliers and her customers quite well. She acquired her customers over time thanks to her experience in this line of work. But she often finds herself out of stock, since she has to sell all of her goods before she can restock, due her small amount of capital.
She wants to buy crates of tomatoes and bags of peppers so that she will be well stocked and better able to meet the demand of her customers. Doing so will also prevent her from running out of stock and will help her increase her profits. She will use the profits not only to expand her business but also to support her 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