She opened a grocery in an area of the capital, which she has run for 2 years. Her small business works due to the warm welcome she gives customers, her experience in her field, and the clientele she has built over time.
This last part is becoming important because she no longer can meet the needs of her customers. Due to her small amount of capital, she has to buy at retail prices. She is asking for a loan to strengthen her business in order to diversify her goods (rice, salt, mineral water, sugar, candy...) and increase her profit margins.
She will reinvest a part of her profits in her business to cover its needs. The other part will allow her to meet her daily needs and those of her family.
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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