Given a loan of $800, he plans to buy old cars and spare parts and service some of the old cars in his garage. He is convinced that he will succeed because of lessons from the past, the quality of his work, and the ever-increasing customers resulting from the bad roads. His dream is to expand his garage and provide apprenticeships to other young people.
He plans to pay loan in 18 months. The first installment repayment shall be on the fourth month from the date of disbursement of loan.
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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