With the new loan requested, he will buy rabbits, chicks and piglets to operate a poultry farm in his quarter. He is very positive this business will succeed because he has been assisting his brother in it for a long time and as such has the experience and techniques required to manage and maintain such a business. With this business activity, the community will have a regular supply of pigs, rabbits and chicks at reduced prices and the droppings will also serve as manure to farmers around that locality.
With the profit from the loan, he will pay for his children's education and also provide them with other basic necessities. He says he prefers GHAPE loans because of low interest rates, gradual installment payments and benefit of insurance enjoyed by members.
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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