With this new loan requested, she plans to invest in the buying of piglets, feed, farming seedlings, pay laborers to clear her farmland and purchase fertilizer. She holds a positive view of these businesses succeeding because she has been doing it for long and has regular customers who buy her farm output, and the demand for piglets is high in her area of resident. In addition, the waste from the piglets is used on the farm as manure to get a high yield.
With these business activities, the community will benefit from pig waste (manure) which will be used for farming, and she will sell her farm output at discount prices to her community members and ensure regular supplies at all times.
With the profit from this loan, she will cater to her family needs, ensure her children's education, expand her business and also save some to undertake a bigger investment.
She prefers loans from GHAPE because of low interest rates, convenient repayment intervals, and also, the members are trained on marketing and management skills before the loans are disbursed. The social needs of members are also catered to at GHAPE.
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