Peter joined GHAPE in 2004 to find a steadier source of income and care for his children. He says that he enjoys being a GHAPE member, “It makes me work very hard.” He has already successfully borrowed and repaid three loans totaling $375. These loans allowed him to buy dyes, which he uses to color thread. He then weaves the colored thread into bags and wall hangings in the traditional Cameroonian style. The profits from this business have already allowed him to begin a small pig farm and pay his children’s school fees.
Peter is requesting this new loan to continue his weaving business, expand his pig farm, and begin raising poultry as well. The largest part of the loan will go to buy additional pigs, since they are the most profitable, but pigs require time to grow and reproduce. So he plans to add poultry to his farm, since they can be raised in just three months, turning a faster profit. Meanwhile, he will add about $30 to the capital in his weaving business. He says that his businesses will succeed, because pigs, poultry, and woven bags are in great demand in his community, and his local production saves people from having to travel to the city to buy these items.
Peter plans to repay his loan in 18 months. The first repayment will be due on the fourth month following disbursement.
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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