With this loan Tsafack plans to buy rice and groundnuts to sell. Part of the loan will be invested in farming by buying seed. She will also buy feed for her pigs and use the rest to run the business. She believes the business will succeed because she has been running it for a long time and the high demand for food stuffs in the region has provided a market for her items, With this business activity, the community will benefit because some people will buy seedlings from her at low prices to plant on their farms. Also, the high demand for pork meat in town provides her with a good market for her pigs.
With the profit from this loan, she will cater to her family's needs, ensure her child’s education, and will renovate her residence. She prefers GHAPE loans because of low interest rates, convenient repayment schedules and also the members are trained on marketing and management skills before the loans are disbursed.
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