She wants to increase her working capital to better purchase her stock, by buying crates of tomatoes to retail in smaller quantities to her customers, and also three boxes of mackerel - as this is the most popular fish in the region.
This will allow her to increase her sales and to make a larger profit. She will invest part of this in the business, buying more fish as she hopes to open a fishmongers shop in the near future. The balance of the money will help her to fund her children's schooling.
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