Cyrille is a 32-year old man, who is a bachelor and father to a 10-year old child. He opened a grocery store in one of the capital's districts, which he has been managing for five years now. His small business works well thanks to the warm welcome he gives to his customers, his experience in this field and the customer base which he has built up over the years. The latter is becoming so significant now that he cannot meet customer demand because his capital is too small and he is obliged to buy his products on a retail basis. He is requesting this loan to increase his capital and diversify the goods he buys and sells (rice, salt, mineral water, cartons of sugar, candy,...) so that he can increase his profit margin. He will reinvest part of his profit in his business to cover its needs, and the remainder will allow him to provide for his daily needs as well as those of his family.
Cyrille est un homme âgé de 32 ans, célibataire et père d'un enfant de 10 ans. Il a ouvert une alimentation dans un quartier de la capitale qu'il gère depuis 5 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.