With the new loan she has requested, she will expand her business by buying more plastic drainers, cups, buckets, bowls, carrots, green beans, cabbages and tomatoes. She is positive this business will succeed because she has been doing it for over six years and has experience. She has a good business site, and she has steady customers who buy her products. At the business, the community will buy household items at cheaper prices.
With the profit from this loan, she will educate her children, provide three square meal to them on a daily basis, expand her business and save some in order to undertake bigger investments. She prefers GHAPE loans 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