Given this loan, Grace plans to construct a new pig pen, electrify the pig pen to give light to the pigs when they are about to deliver at night. She also plans to buy 10 piglets to add to the ones she already has, to prepare a packing space for her firewood, and to continue buying and splitting of wood. She promises to start repayment at the fourth month from the date of disbursement.
With the profit from the loan, she plans to expand her business, continue to pay school fees for her children and grandchildren, and take care of the health and feeding in the family.
Grace prefers a loan from GHAPE because the means of repayment is easier, the loan scheme is encouraging, the interest paid on GHAPE loans is relatively low as compared to other financial institution, and lastly, GHAPE does proper follow up with their clients to ensure the loan is manage judiciously.
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