Funded

Total loan: $800
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Theresia


A loan of $800 helped to pay for electrical appliances and seedlings like beans, corn, and groundnuts.


Theresia's story

Theresia is a widow with seven children, all over 15. She lives in a four-room apartment with her four children in Bamenda, Cameroon.

Theresia has encountered challenges in her life like sickness and the death of her husband. These problems drained her funds and left her with inadequate capital to improve on her business. However, she says that by God's grace she is well now.

With the loan, Theresia plans to buy more items for her electrical appliance store. She also plans to buy fertilizer and a variety of seedlings, such as maize, beans, yams, and groundnuts.

Theresia believes this activity will succeed because of her longevity in these activities and most especially because of the support of her son, who is acting as a sales person in her electrical appliance store. The high demand for her commodities in the community is a reason for the success of her farming activity, which she does on her own land. The community will benefit in that many people prefer to buy directly from the farm at cheaper prices.

With the profits from her businesses, Theresia will improve the situation of her family by providing better education and health care for them. She will also further expand her business. She prefers a loan from GHAPE because of the convenient repayment period, low interest, and the social education they provide.



Loan details

Loan length:

25 months
Repayment schedule: Irregularly
Disbursed date: December 20, 2012
Facilitated by Field Partner: Grounded and Holistic Approach for People's Empowerment (GHAPE)

Lenders and lending teams



Loan details

Loan length:

25 months
Repayment schedule: Irregularly
Disbursed date: December 20, 2012
Facilitated by Field Partner: Grounded and Holistic Approach for People's Empowerment (GHAPE)