Anna encountered some challenges in her lifetime; sickness, the death of her daughter and mother, and also the fact that she is unable to take care of her grandchildren. Worst of all, she does not have adequate capital to carry out farming.
With the loan, Anna plans to buy seedlings, which include maize, beans, yams, cocoyams and groundnuts. She will use some of the loan to pay labour for clearing, hoeing, and buying a bag of fertilizer. She believes this farming activity will succeed because of her years of experience in the activity and because she has a ready market for her items. She also has a piece of land where she will carry out her farming activity.
The community will benefit since many people prefer to buy directly from the farm, at cheaper prices than at the market. With the fresh corn from her farm, Anna will sell some and roast some.
With the profit, Anna will provide better education and health care for the family and expand her farmland. She prefers a loan from GHAPE because of the convenient repayment period, low interest, and the social education they provide.
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