With the new loan requested, she will buy food such as cocoyam, yams, beans, bananas, vegetables, and vegetable oil for retail. Also, she will invest part of the loan in a small poultry farm and will buy three weeks old chicks and feed. She believes her business will succeed because she has being selling for long a time and has regular customers. With this business activity, the community will benefit from the moderate prices she will offer on the food crops. The population will not suffer malnutrition again and the distance to buy food will be reduced. She will encourage more to join the business line.
With the profit made from this loan, she will expand her business, pay her children's school fees, and pay bills. She will also provide medication for her family. She prefers a GHAPE loan because of the low interest rates and convenient repayment intervals, because the members are trained on marketing and management skills before the loans are disbursed, and because the social needs of the members are a concern to the organization.
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!