Wangang has encountered some challenges in life, such as sickness and the death of two of his children. Currently, the main problem he faces is inadequate capital to improve his business.
With the requested loan, Wangang plans to buy more piglets to expand his pig farm. He also plans to improve his pig farming by constructing more fences and buying more feeders. He also wants to harvest wood in the forest for resale.
He believes this activity will succeed because of his longevity in the field and the high demand for his commodities in the community. His community, which is increasing in population, provides a ready market, and they will no longer have to travel long distances to buy pork and good wood.
With the profit from his expanded business, Wangang will improve the situation of his family: he will provide better education and health care for them as well as further expanding his business.
Wangang prefers a loan from GHAPE because of the convenient repayment period, low interest, 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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