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.
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 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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