Victor is a 24-year-old man and a retailer. He has a small grocery shop in a district of town which he has been running for 2 years. His small business works thanks to his warm welcome, the experience he has in his line of work and the customer base that he has built up over time. The latter is becoming large, and he is no longer able to satisfy his customers due to the small size of his capital which forces him to buy products retail.
He is requesting this loan so that he can strengthen his little business, diversify his merchandise - by buying items like rice, salt, mineral water, cartons of sugar and sweets - and increase his profit margin. He will reinvest part of his profits into his business so that he can cover his business needs, and the other part of his profits will allow him to meet his daily needs and those of his family.
Victor est un homme âgé de 24 ans, commerçant. Il a ouvert une alimentation dans un quartier de la capitale qu'il gère depuis 2 ans déjà. Son petit commerce fonctionne grâce à son accueil chaleureux, son expérience dans ce domaine et la clientèle qu'il a acquis avec le temps. Cette dernière devient importante et là, il n'arrive plus à la satisfaire à cause de la petitesse de son capital qui l'oblige à acheter en détail. Il sollicite ce crédit pour renforcer son petit fond de commerce pour diversifier sa marchandise (riz, sel, l'eau minérale, cartons de sucres, des friandises,...), et pouvoir augmenter sa marge bénéficiaire. Il réinvestira une partie de son bénéfice dans l’activité pour couvrir les besoins de son secteur et l'autre partie lui permettra de subvenir à ses besoins quotidiens et ceux de sa famille.
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 Cameroun
Agence 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.