Thanks to his warm welcome and to his good relationships with his neighbors, Elie has also managed to build and retain a customer base which has increased in size over time. Precisely because his customer base has increased so much, he can no longer satisfy all the demand and he is therefore requesting a loan to develop his business. This loan will allow him to increase his stock of staple foods, which will in turn increase his sales and consequently his profit margin.
Elie plans to reinvest part of his profits in his business in order to expand it, while the rest will be used to meet 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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