He has faced many obstacles in life including the death of his elder sister, who had been of great support to him by helping to sponsor his children and take care of other family expenditures; the sickness of his child; and an accident that led to the use of money he had for medication and the settlement of hospital bills.
With the new loan requested, he will buy firewood, pay for transportation expenses of the wood to his compound, and pay a person to split the wood. He is positive his business will succeed because he has been doing it for a long time, and from this activity the community will have a regular supply of wood at greatly reduced prices.
With the profit from the loan, he will educate his children and also take care of other necessities in the family. He says he prefers GHAPE loans because of the low interest rates charged on the loans.
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