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.
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