A loan of $275 helped to buy Irish potatoes for resale.

Emmerencia's story

Emerencia, who was born in 1955, is a widow with eleven children, one of whom is younger than 15. She lives in a four room house with her children. Emerencia joined GHAPE in 2009 and received a loan of 50,000 XAF, which was successfully repaid. The only problem that Emerencia faces in life is that she has to singlehandedly take care of her children since her husband died. She hates thinking of the deaths of her father, husband and son. She struggles to see that she takes care of the children her husband left behind, paying tuition fees, feeding them and catering to their health.

Emerencia is requesting a loan to purchase Irish potatoes. She plans to buy five bags of potatoes at 23,000 XAF each and she will use 20,000 XAF from her savings to pay for the transportation of her goods to the Belo weekly market. She believes her business will succeed because there is a ready market and her prices are moderate, which would encourage customers. Any profits made would be used to pay tuition fees for her children. Emerencia prefers a loan from GHAPE because a lower interest is charged and repayment is gradual.

The Grounded and Holistic Approach to People's Empowerment (GHAPE) is a non-profit NGO based in Bamenda, Cameroon. GHAPE works towards the empowerment of the poor and poverty alleviation through a highly multi-faceted approach. 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 instils a sense of family and community within its clients and staff and has developed a strong bond of trust between the organization and its clients.

Loan details

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Loan details