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Martine

Update on Martine

Martine is a woman who lives in a district of the capital. A mother, she has been managing a call box in a corner of the square for the past two years. Thanks to her dynamic personality and temerity, she has acquired a large clientele whose satisfaction she would like to continue to ensure. In order to do this, she is seeking a loan to acquire a larger quantity of communication credits and additional lines (SE, Camtel, etc.). The income generated by this loan will enable her to increase her capital and improve her living conditions.
View original language description ↓
Martine est une femme qui vit dans un quartier de la capitale. Mère de famille, elle gère un call-box dans un coin de la place depuis 02ans. Grâce à son dynamisme et sa témérité, elle s'est faite une grande dont elle aimerait continuer d'assurer la satisfaction. Pour cela elle sollicite un prêt pour acquérir une plus grande quantité de crédit de communication et des lignes supplémentaires( SE, camtel, etc..) . Les bénéfices tirés de ce prêt lui permettront d'augmenter son capital et d'améliorer ses conditions de vie.

Previous Loan Details

Martine is a woman who lives in a neighborhood of the capital. A mother, she has been managing a call-box in a corner of the square for 2 years. Thanks to her dynamism and her audacity, she has acquired a large clientèle whose satisfaction she would like to continue to ensure. For this she is req... More from Martine's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Cameroon

  • $2,421
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,176,425
    Funds lent in using Kiva
  • 511.5
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Martine to acquire a larger quantity of communication credits and additional lines (SE, Camtel, etc.).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2013
Listed
Jul 10, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014