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