He opened a grocery store in one of the capital's neighborhoods and has already been managing it for two years. His small store is successful thanks to his warm welcome, his experience in the business and the customer base he acquired over time.
The latter is increasing in size; he is no longer able to satisfy customer demand and his limited funds force him to buy retail.
He is requesting this loan to bolster his small business, to diversify its goods (rice, salt, mineral water, cartons of sugar, candy, ...), and to increase his profit margin.
He will reinvest a portion of his earnings in the business to cover the needs of his activity, and the remainder will allow him to meet his daily needs and those of his 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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