However, Louise is no longer able to meet her customers' demand, and due to her lack of capital she is obliged to buy her merchandise at retail. She is requesting this loan to increase her business capital so that she can diversify her products (rice, salt, mineral water, cartons of sugar, soaps,...), and increase her profit margin.
Louise plans to reinvest a portion of her earnings into her business, and the remainder will allow her to meet her daily needs and those 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.
0View loans »
Success!! The loan was 100% repaid