But because Patrick does not have much capital, he constantly has disruptions in his stock, because he has to sell it all before he can buy new merchandise. He would like to procure some locks, machetes, receptacles, etc. to have a larger stock, which will allow him to better satisfy the constant demand of his customers and to avoid disruptions.
He will use his earnings not only to expand his business but also to support the needs 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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Success!! The loan was 100% repaid