She's been a merchant for six months in a market in her town. She retails fruits (papayas, oranges, pineapples, watermelons) depending on the season.
She knows suppliers well. Over time and thanks to her experience in her field, she acquired a clientele that she also knows well. Nevertheless, she's constantly out of stock, because her working capital is limited, which forces her to sell all her stock before being able to resupply.
She would like to increase her stock of fruits in order to better satisfy her customers and avoid getting out of stock. She will put away her profits in order to expand her business, and also 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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