She joined GHAPE in the year 2003 and has taken out and repaid six loans with the recent loan being 200,000 FRS. She promises that, if given the new loan requested, she will buy a new motorbike for commercial purposes. She is positive her business will succeed, because she has been in the business for a long time. The bike will be given to her child, who will be solely responsible, and as such will take care to avoid accidents and also do his best possible to maintain the machine at all cost. The community will benefit from this business because the bike will help to transport farmers from their houses to the farms and also carry their produce to the market. It will also help to transport students to and from school at low prices and also transport workers to and from their job sites.
With the profit from the loan, she promises to educate her children and grandchildren and provide medication for her family. She will buy farm seedlings because she is involved in a little form of agriculture. She will also pay registration fees for her daughter, who will be writing the general certificate of education.
She says she prefers GHAPE loans because of the low interest rate and convenient repayment intervals and because all the members are educated before the loans are disbursed to ensure good management of their loans.
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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