Cecilia knows her suppliers and also her customers particularly well, as she has built her customer base over time, thanks to her experience in this field. However, because of her small capital, she always has to sell all her stock of merchandise before she can buy more goods. As a consequence, she is constantly out of stock.
Cecilia would like to increase her stock of food products and buy bulk quantities of produce, which will not only increase her sales but also her profits.
She plans to reinvest part of her profits in her business, in order to expand it. She will use the rest of the money to meet the needs 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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