He has sold doughnuts in a neighbourhood of the capital city for five years. His expertise in his trade, and his good prices, have allowed him to build up and retain an ever-growing clientele. This increasing demand, and his lack of capital, have led Augustin to request this loan. He will use his loan to buy sacks of flour and a barrel of oil. The earnings that Augustin makes will be reinvested in his business, and some will be saved to pay for his children's schooling.
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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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