With the loan requested, Fienbi will expand her production of yogurt by buying more milk and sugar. She will also buy food items for her shop like beans, maize, palm oil, groundnuts, and rice. She is very positive that her business will succeed because she has been doing it for a long time and is knowledgeable about the business. She has a good business location and regular customers who buy from her shop. At times, she also delivers her yogurt to schools and sells to students. Fienbi's business provides food stuffs to her community at a moderate price and allows them to obtain food without traveling long distances.
With the profit from the loan, Fienbi will expand her business, help the needy in the community, and pay for her children's medication, feeding, and education expenses. She prefers GHAPE loans because of 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