Given a loan of $1200, she plans to buy a motor bike and do transportation business. The motor bike will be driven by her son who has experience in the motor bike business. She believes the business will be lucrative as she has been trained by GHAPE in business skills and it is a faster source of transportation especially on poor roads. With this, she will raise money to educate her children in formal and vocational schools. She plans to pay her loan in 24 months. First loan repayment installment shall be made on the fourth month from the date of disbursement of the loan.
About Grounded and Holistic Approach to People's Empowerment (GHAPE)
This loan is administered by Grounded and Holistic Approach to People's Empowerment (GHAPE), a non-profit non-government organization based in Bamenda, Cameroon. GHAPE takes a multi-faceted approach in working towards the empowerment of the poor and poverty alleviation. Every client is trained in business management, basic health, life skills, financial management, profits and losses, and family values. Clients are also required to contribute a small amount into a personal savings account; most clients save much more than the minimum requirement. GHAPE instills a sense of family and community among its clients and staff and has developed a strong bond of trust between the organization and its clients.
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Success!! The loan was 100% repaid