With the new loan Sophie will buy items like soap, sweets, bread, salt, magi, biscuits and other provisions. She holds a positive view of her business' success because she plans to sell these items at a junction where the demand of such items is very high and where there are few people selling them. She has many people in that community who will buy from her at regular intervals, and she plans to sell to them at reduced prices so as to have a quick turnover. With this activity the community needs will be met; the community faces a problem getting provisions since they have to travel long distances to get what they need. Sophie's regular customers will benefit from free gifts also.
The profit from the loan will be used to buy medication for Sophie's children, their education, and also to feed the family. GHAPE loans are preferable because of the repayment method in installments, low interest rates and no collateral securities before loan disbursement.
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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