With the new loan requested, he will buy piglets, chicks, and food for the chicks and piglets. He holds a positive view of his business succeeding. He will buy good species and also a good mixture of feed for their upbringing. He has people who will buy the animals for resale and also there are many farmers in the locality who will buy the droppings from the piglets and chicks. From this activity the community will buy piglets for resale and the droppings from the animals will serve as manure for farms which will increase fertility of the soil and also output.
The profit from the loan will be used for expansion of the business and repayment of empowerment credit. He prefers GHAPE loans because of moderate 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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