The new loan requested will be used to buy piglets, chicks, and feed for the chicks. He is positive the business will succeed because he has experience, and he will buy a good breed of piglets and chicks and also buy a well mixed feed for their feeding. With this activity the community will benefit from the droppings from the animals as manure for the fertilization of their farms thus leading to improved yields.
The profit from the loan will be used for feeding his family, educating his children, expansion of the business by buying more piglets and chicks, and also for future investment. GHAPE loans are preferable to him because of low interest rates and a well-structured repayment interval.
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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