Alang has taken and successfully repaid her loans three times and she says that with this new, requested loan, she will buy plastic paper in bulk and store it in her business site. Also, part of the loan will be invested in her clothing business. Alang will buy clothes in town markets and retail them in local markets around the region.
She believes this business will be successful because she has been involved in this line of business for a long time and has experience in the business. She is very sure to obtain maximum profit from this business. With this business activity, the community will have a regular source of plastic paper of all types. Also, the community will have a good supply of clothing because people will not go a long distance to buy clothes, both for themselves and their children, at moderate price.
With the profit from this loan, Alang will educate her children, provide three square meals to her family, cater for her children's medication, and provide other necessities to her family. She prefers Grounded and Holistic Approach for People's Empowerment (GHAPE) loans because of low interest rates and convenient repayment intervals, and the training offered at GHAPE. Also, the social talks at GHAPE meetings are of interest to her.
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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