Kalidou is 45 years old and he has a family. One year ago, he opened and started to manage a small grocery store in one of the neighborhoods of the capital city. His small retail business is doing well, thanks to Kalidou's warm welcome, to his professional experience and to the fact that he has managed to build a good customer base over time. However, with an increasing number of customers, Kalidou can no longer meet demand because his capital is so small that he has to buy in retail quantities.
Kalidou is requesting this loan in order to boost his small business and diversify his merchandise (rice, salt, mineral water, boxes of sugar, snacks...) which will help him to increase his profit margin. He will reinvest part of his profits in his activity in order to cover the needs of his business. With the rest of the money, he will be able to meet his daily needs as well as those of his family.
kALIDOU est un homme âgé de 45 ans père de famille. Il a ouvert une alimentation dans un quartier de la capitale qu'il gère depuis 1 an 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.