He is requesting the credit loan to buy raw materials (flour, sugar, yeast, accessories for fritters) to increase his currently medium stock level, so that in turn he can increase his turnover and his profits.
The profits generated will be reinvested in his business (freezer, oven, mill) and the remainder used to meet his family's needs (housing, nutrition and health).
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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