Because he does not have much capital, he has to go to the outlets each weekend in order to buy the clothes at retail that he displays in his stall. This is not really profitable, [and explains] the importance of a loan for his business. A loan will allow him to buy a mixed bale [of clothing].
He will use the earnings that the loan will bring him to expand his clothing shop and to support the needs of his family.
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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