Lotin is a young man who is 23 years old and single. He has been a trader in the local market for the past six months and sells women's underwear. Since he has very little capital he is obliged to go bric-à-brac sales every weekend to buy on a retail basis clothing which he displays on his stall. This does not bring much in and thus explains how important this loan is for his business, because it will enable him to buy wholesale and increase his stock. This in turn will increase his sales and profits. He will save the profits that this loan generates for him so that he can open a shop.
Lotin est un jeune homme de 23 ans célibataire. il est commerçant dans un marché de la place depuis 6 mois où il vend les sous vêtements femmes. à cause de la petitesse de son capital, il est obligé d’aller au déballage chaque week-end pour acheter en détail les vêtements qu'il expose dans son comptoir. Cela ne rapporte pas vraiment d'où l'importance de crédit pour son activité parce qu'il lui permettra d'acheter en gros et d'augmenter son stock. Ceci augmentera ses ventes ainsi que ses bénéfices. il économisera le bénéfice que lui apportera ce crédit pour ouvrir une boutique.
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.