She has a good knowledge of suppliers, and especially of her customers that she has acquired over time given her experience in this field. However she finds herself constantly out of stock because she is forced to sell all her stock before she can resupply, due to her limited working capital.
She would like to increase her stock of produce by buying wholesale, which will not only increase her sales but also her profits.
The profits will be partly reinvested to expand her business and the rest will enable her to support her family's needs.
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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Success!! The loan was 100% repaid