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Bonghaseh
Bonghaseh is married with no children. He lives in a one-bedroom house in Bamenda in the Northwest Region of Cameroon. He has faced so many challenges in life, among which are inadequate finances to carry out his business, the death of his mother and his elder brother’s son who was living with him, loss of property due to theft, unemployment, poverty in his family and the sickness of his wife.

With this loan he requested, he will repair his motorbike by buying a new battery, two new tires, an engine, side covers and a cylinder. With this activity, the business will succeed because he has been suffering for a while now because of rampant failure of his bike since all the parts are worn out. After buying these parts, the machine will work without problems; thus, he will carry many passengers. With this business activity, the community will benefit from easy movement since he will transport them to their various destinations at cheaper rates, and also drop students at schools.

With the profit from the loan, he will open a small provision store for his wife in his neighborhood and also save against further depression of the bike. He prefers GHAPE loans because of the low interest rates and convenient repayment intervals.

Additional Information

Important Information


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.

About Cameroon

  • $2,421
    Average annual income
  • 0
    View loans »
    Cameroon Loans Fundraising
  • $1,168,400
    Funds lent in using Kiva
  • 498.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Bonghaseh to buy a battery, tires, an engine, a cylinder and side cover for his worn-out motorbike.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 21, 2013
Listed
May 14, 2013
Currency Exchange Loss:
Covered
Ended:
May 17, 2014