He has been selling fresh fish at a market of the capital for the past four years, which is how he supports his family. Since buying his stock at retail is not very profitable, this loan is very important to Parfait’s activity as it will enable him to increase his stock of fish. This will eliminate the need for daily trips, cut down on his taxi expenses, and bolster his profits.
He plans to reinvest part of his profits in his activity, and to use the remainder to provide for 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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