Specifically, she cultivates palm trees. And after harvesting the nuts, she makes them into palm oil [that she can] sell. She extracts the oil manually, which not only takes a lot of time but also does not allow her to make a large quantity.
With this loan, she would like to buy a mechanical press. This will allow her to easily extract the oil which will increase her production capacity.
The earnings will allow her to better ensure the education of her children.
les revenus lui permettront de mieux assurer l'éducation de ses enfants.
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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