This will be the 7th time Anna is benefiting from a loan from GHAPE. Anna has been in GHAPE since August 2002 and has been very successful in past businesses. She uses her house for the business and this keeps her from paying rent elsewhere.
Anna plans to buy firewood, decoration materials and to pay for transportation. She says that this business will help the community in that they will get firewood very cheap from her.
She intends to use the proceeds of this business to pay her children's school fees, buy some basic needs for the family, and save some with the credit union.
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