This business enables her to provide for her family. Her profits are limited by the fact that she buys the products she needs retail.
This loan is thus important to her business, since it will enable her to increase her stock of food products (sacks of peanuts, one sack of rice, and other items she needs to cook her dishes).
It will render daily trips unnecessary and lower her taxi expenses, as well as increase her profits. She will reinvest one part of her profits to expand her restaurant. The other part will help her provide for 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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Success!! The loan was 100% repaid