With this loan, she plans to invest by buying firewood and part of the loan will be invested in farming by buying yam seedlings. She will also use the rest to pay workers who will clear her farm and split her firewood. She believes the business will succeed because she has been doing it for a long time, has regular customers, and has fertile land to cultivate her yam seedlings. The community will benefit because there will be no scarcity of firewood around and the community will have enough food.
With the profit from this loan, she will cater to her family's needs, ensure her children's education, and she will build her house. She prefers GHAPE loans because of low interest rates, convenient repayment intervals, 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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