He has taken and successfully repaid his three loans and says with this new loan requested he will add the profit from the previous loans and buy a secondhand car, pay for renovations, and also buy new tyres. He has a positive view of this business succeeding because the area where he wants the car to work in is suffering from inadequate car transporters, and he will be driving the car himself and as such will know how to maintain the car and avoid accidents. With this transportation business, his community will be transported to and from work, he will transport children to and from school, transport farmers to the farm and their output to their house, and also transport his community members in cases of emergency.
With the profit from this loan, he will educate his children without stress, provide their basic necessities, cater for his car maintenance, and also extend his house. He prefers GHAPE loans because of the low interest rate, convenient repayment intervals, and the members are educated on good business management 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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