Emmanuel is 46 years old, divorced, the father of three children enrolled in school, whose ages vary from seven to 16 years. He has been a shopkeeper in a market in the capital for two years. He sells sports clothing, and his business is going really well. His only problem is that his working capital is so small which prevents him from diversifying his merchandise and forces him to buy in small quantities.
Emmanuel needs this loan to grow his inventory and, at the same time, diversify it. This will increase his sales as well as his profit margin. Part of his profit will be reinvested in his business to expand it and the rest will help him to cover family expenses.
emmanuel est homme agé 46 ans divorcé, père de 03 enfants scolarisés dont l'âge varie entre 07 et 16 ans. il est commerçant dans un marché de la capitale depuis deux ans. il fait dans la vente des vêtements sportifs , son activité fonctionne à merveille, il a juste un problème dû à la petitesse de son capital qui l'empêche de diversifier sa marchandise et l'oblige aà acheter en petite quantité. il a besoin de ce crédit pour pouvoir augmenter son stock de marchandise tout en la diversifiant. Ceci augmentera ses ventes ainsi que sa marge bénéficiaire. Bénéfice qui sera réinvesti en partie dans son activité pour l'agrandir le reste lui permettra de subvenir aux besoins quotidiens de sa famille.
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 Cameroun
Agence 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.