She currently buys and sells phone credit units at retail, and her profit margin is rather low. She would like to buy them wholesale, and sell at retail and wholesale to increase her profits. She also wants to increase her stock of fruits (mangoes, mandarins, oranges) depending on the season.
With the profits earned through this loan, she plans to bolster her working capital (reinvesting in her activity by raising the phone communication credit fee) and to help her husband to provide for the family’s daily needs.
More information about this loan
This loan is part of ACEP Cameroun's 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