She has taken and successfully repaid her loans four times, and says with this new loan requested she will increase her business, buying more palm oil, groundnut oil, flour, sugar, yeast and firewood for resale. She has a positive view of her business succeeding because she has been doing it for so long, she has experience in the businesses, she has a good business site, and she has a good approach that encourages her customers to buy on a regular bases. With this business activity, the community will benefit from buying her products, such as the firewood, fried gateaux, palm oil, etc., at cheaper prices.
With the profit from this loan, she will pay her children's school fees, cater for the feeding of her family, provide medication to her family, pay her bills and also engage in farm work. She prefers GHAPE loans because of 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