The new loan requested will be used to buy piglets and feed for her piglets, and vegetable seedlings for her farm. She is positive the business will succeed because she has experience, and she will buy a good breed of piglets and also buy a well-mixed feed for their feeding. With this activity the community will benefit from the droppings from the piglets as manure for the fertilization of their farms thus leading to improved yields and more vegetables.
The profit from the loan will be used for feeding her family, the education of her children, expansion of the business by buying more piglets, and also expanding her farmland. GHAPE loans are preferable to her because of low interest rates, and a well-structured repayment interval.
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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