With the new loan requested, Angeline promises to expand her poultry farm by buying more piglets, chicks, animal feed, and seedlings and to rent farm land. She is very positive her business will succeed because she has regular customers who buy her farm output and ready animals for sale, she has experience in the business, and the demand of such products creates her demand in the area. With this activity, the community will benefit from manure which will fertilize their farms, thus, leading to high yields; products will be sold to them at moderate prices.
With the profit from the loan, Angeline will pay her children's school fees and provide their basic needs; she will expand her business by buying more animals for her poultry farm, and also provide medication. To her, Grounded and Holistic Approach for People's Empowerment (GHAPE) loans are preferable because loans are given without collateral and on limited interest rates.
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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