With the loan, Comfort plans to buy two bags of corn, one bag of garri, buckets of kumkum (dried, graded cassava), a bag of onions, two cartons of fish, tomatoes, magi, and salt for retail. She believes this activity will succeed because of her longevity in this activity and also she has so many customers. Her business site is located in a strategic place where many people pass by. The high demand for her commodities in the community is a reason for the success of the activity. The community will benefit in that many people prefer to buy directly from the farm at cheaper prices.
With the profit, she plans to provide better education, health care for the family and expand her business. 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