With this new loan, she will buy hair treatment product, body lotion, body treatment and other products for her cosmetic shop. According to her, this business is bound to succeed because she plans to put in the best effort required for the business to grow from strength to strength and she will buy just the pressing needs needed by the community. From this business, the community will benefit from the availability of the items at all times. She will sell them at reduced prices at her neighbors' doorsteps so they won’t go to long distances in search of the items.
With the profit from this business, she will educate her children and insure that she can pay for their education. She will also provide three square meals to her family since she is the only breadwinner after her husband’s death. She prefers a GHAPE loan because of the 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