She plans to use the loan she requested as follows: Buy coca yams in bags, buy palm oil in tins, buy fish in bulk. Also, part of the loan will be used to invest in all the spices that will be used in cooking the food. She believes that her restaurant business will succeed, because she has being cooking and selling food for a long time. Her existing, regular customers provide an available market for her food. Also, the increasing number of schools in the town of Bamenda greatly act as a market for prepared food, which is another reason to expect the business to succeed. From this restaurant business, the community will be able to consume good-quality, always-ready cooked food. They also will not need to go long distances to buy cooked food.
With the profit from the loan, she will educate her children, pay rent for their home, and provide all the basic needs for her children, like medical care. She prefers GHAPE loans because of low interest rates on loans and the training that is given by GHAPE.
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