With the new loan requested, he will expand his store, buy a new motor bike and open a ginger farm in his community. He is positive his business will succeed because he has permanent customers, provisions are of great demand in his locality, and techniques and experience in the business. From this activity the community members will be employed to work on his farm, and also provisions will always be readily available for them at moderate prices with discounts given to regular customers.
With the profit from this loan, he will support his younger ones in school and also buy a piece of land. He says he prefers GHAPE loans because of low interest rates and convenient repayment intervals.
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