With a loan of $800, she plans to increase her stock by buying cocoyam, yam, ibo-cocoyam in bags from the “bush market” (farmers’ market); buckets for measuring and bags for parceling; and setting aside money for transportation. She is optimistic that her business will succeed as she will be able to supply different types of customers daily 24/7. With the experience each member of the household has in this business, her children will sell from the house and she will sell in the flea market.
She plans to pay her loan in 18 months. The first 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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