Marie Marguerite has been involved in retail and wholesale commerce for the past 17 years. Depending on the season, she sells fresh produce (fruits) at a local market. She knows her suppliers and especially her customers very well, for having built her customer base over time, thanks to her experience in this field. However, because of her small capital, she is constantly out-of-stock since she has to sell off her stock before she can buy more merchandise.
Marie Marguerite would like to increase her stock of fruits, which will allow her to better meet the constant demand from her customers. A larger stock will also prevent stock shortages and will help her to increase her profits.
Marie Marguerite intends to save her profits, not only to expand her activity, but also to meet her family's needs.
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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