Grace's first loan was for $38, and she used it to grow yams on her farm. Since that time, she has used other loans to expand her businesses and increase her income. GHAPE has a policy of increasing loan size only when borrowers have shown they are responsible. As a long-standing member with an excellent repayment record, Grace has consistently been able to apply for larger loans over the last two years.
Grace plans to invest her new loan in a machine for inflating car and motorbike tires. She also plans to hire someone to operate the machine when she cannot be present.
Sadly, Grace lost her husband when her sons and daughters were very young, but she has used money from previous loans to help buy books and pay her children's school fees. In addition to educating her children, Grace says that she wants to maintain a good house, and save some of her profit to invest in building her business and creating a larger income for herself and her family in the future.
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