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Mathurin
Maturin is a 33-year-old man who is the father of four children, ranging in ages between 2 and 6. Three of his children attend school.

Maturin is involved in business. He has opened a shoe store which he has been managing in one of the neighborhoods of the capital city for the past six years already. Thanks to his warm welcome, to the sound advice he gives regarding clothes, and to his experience, he has built a rather large customer-base.

However, the fact that his customer base is expanding is becoming a problem; he can no longer satisfy all his customers, due to his small capital. He currently has to go to the warehouse every weekend to buy and resell in retail quantities, which is not very profitable.

This is why it has become so important for Maturin to request a loan. This loan will help him to buy a bale of shoes for his shop.

This will also allow him, not only to satisfy his clients' needs, but to make more profits. He would like to reinvest his profits into the expansion of his business, and to save some money to pay for his children's school fees.
View original language description ↓
Maturin est une jeune homme de 33 ans marié père de 4 enfants dont l'age varie entre 2 et 6 ans. Trois de ses enfants vont à l'école. il est commerçant et a ouvert une boutique de chaussure qu'il gère dans un quartier de la capitale depuis 6 ans déjà. Son acceuil chaleureux,ses bons conseils vestimentaires et son expérience lui ont valu une clientèle assez importante. la croissance de sa clientèle lui pose un problème parce qu'il n'arrive plus à la satisfaire tout ceci à cause de la petitesse de son capital qui l'oblige à aller au déballage chaque week end pour acheter en détail et revenir vendre. et ça ne rapporte pas assez d'où l'importance de ce crédit pour Mathurin qui lui permettra de s'acheter un ballot de chaussures pour sa boutique. ceci lui permettra de satisfaire non seulement de satisfaire sa clientèle, mais aussi de réaliser plus de bénéfices. Il souhaiterai réinvestir ses bénéfices dans son activité afin de l'agrandiret économiser pour la scolarité de ses enfants.

Additional Information

More information about this loan

This loan is part of ACEP Cameroun's new 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.

About Cameroon

  • $2,421
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,168,400
    Funds lent in using Kiva
  • 523.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Mathurin to buy a bale of shoes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Aug 31, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013