She has faced many challenges in life, which include inadequate finance to educate her children, so the children are frequently driven out of school for lack of school fees, basic text books, and other items like pens, pencils and books.
With the new loan she has requested, she will expand her business by buying more food items like cocoyams (taro), palm oil, tomatoes, maggi and other spices to help her carry out the proper operation of her restaurant. She strongly believes that her business will succeed, because of her longevity and experience in the business, as well as high demand in the locality. She says her business will benefit the community by providing a regular supply of food at moderate prices, and because food is supplied for ceremonial activities like weddings, birthday parties and death memorials at reduced prices.
She will plough back the profit from the loan into the business, provide some basic items for her children’s education, and add more rooms to her house. She prefers GHAPE loans because of the low interest rates, because members are educated on loan management before the loans are disbursed, and because the repayment terms are affordable.
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