Hence the importance of this loan for his work, as it allows him to increase his stock of food (trays of eggs, oil, a sack of rice, a pallet of fish, meats, vegetables) and to purchase the small necessities needed to cook his dishes. Biri plans to reinvest a part of his income into his business and he will use the rest to help provide for 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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