With the new loan, she will expand her business size by buying more foodstuffs, like beans, maize, Irish potatoes and yellow yams. Part of the loan will be reserved to cover transportation of the products, from the bush market to her business site. She believes her business will succeed, because of her longevity in the business, the high demand for foods such as beans and yams in the community, because she has a good business site and has regular customers who buy from her for resale and restaurant purposes. The community will benefit, because they will not have to go a long distance to buy food.
The profits from her business will help her to improve the housing conditions of the family, provide better education and health for the family, and expand her business. She prefers a loan from GHAPE because of the convenient repayment period, low interest cost, and the social education they provide.
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