Michel is a 41-year-old married man. He has own and run a small potato chip production unit and shop in his home, in a district of town, for 4 years. A dynamic and industrious man, he will be able to increase his inventory of raw ingredients (potatoes, oil, etc.) with this loan, and thus increase his production and his profits. The profits generated will be reinvested into his business (by buying 2 gas stoves and creating a large production unit) so that he can cover the town of Douala, and will take care of his family's needs.
Michel est un homme de 41 ans et marié. Il possède et gère une petite usine de production et de vente de frites de pomme (chips) à domicile dans un quartier de la ville depuis 4 ans. Dynamique et travailleur, ce crédit va lui permettre d'augmenter son stock de matières premières (pommes, huile, etc) afin d'accroître sa production et ses profits. les bénéfices générés seront réinvestis dans son activité (achat de 02 foyers à gaz, créer une grande unité de production), couvriront la ville de Douala et amélioreront les besoins de sa famille
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 Cameroun
Agence 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.