Given a loan of $1000, she will start a new business of selling draft beer. There is a growing demand for this business in her area. She plans to employ two boys to sell beer, which will help her community since there is an unemployment problem.
Rose plans to repay the loan in 24 months. The first repayment will be four months after the date of dispursement.
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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