With this new loan, he will invest in buying more piglets, fowl, and farming seeds. He holds a positive view of this business succeeding because he has been doing it for a long time and the demand for pigs and fowl is high. In addition, the waste of the fowl and pigs will be used in the farm to increase yield. With this business activity, the community will benefit from pig and fowl waste (manure) which will be used for farming. They will also benefit from the availability of fowl and pigs, which they will buy at moderate prices during occasions such as death celebrations and marriages.
With the profit from this loan, Lucas will cater for his family's needs, ensure his children's education, expand his poultry and piggery farming, and also save some money to undertake a bigger investment. He prefers loans from GHAPE because of the low interest rates and convenient repayment intervals, as well as the fact that social needs of members are catered for at GHAPE.
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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This loan has been fully funded!