To grow online marketing business

Gideon Amefu

New Weija, Ghana

100% repaid

Entrepreneur

Name

Gideon Amefu

Member since

August 2014

On-time repayments

299 installments  •  78%

About Me

My name is Gideon John Amefu. I come from a family of six, my parents inclusive. I live at New Weija a suburb of the Accra Metropolis. I am a student and I am currently at the Kwame Nkrumah University of Science and Technology pursuing a degree course in Civil Engineering.

I started a marketing business in order to lift some burden off my parents. I market products such as popcorn machines,hand-made crafted bead bags and purses, wooden bags and more via internet. The money I gain from the sale of these items are used to pay my school fees and my feeding. I also sometimes re-invest the money into other lucrative businesses to get my returns. As a young gentleman, I want to come out of the University prepared to affect my generation positively. I want to do this by training my fellow young ones the skills and appropriate way to marketing especially in Ghana and Africa- this will mean I should have a hands-on training in that regard. With the help of Zidisha and lenders I will promote my marketing plans.

I love to play table tennis, video games as well as football. At my free time I love to read my bible, search for more website where I can post my adverts and market more items online.

My Business

The business I do is online marketing of products. I mostly market products such as teaching aids to people online, door-to-door, through posters and advertisement. My Dad is a handicraft producer who mainly produces teaching aids in both wooden and digital forms. These teachings aids are a supplement to help teachers guide children in their formative stages. The teaching aids would help build their fundamental study of pronouncing words and how to communicate. There is a demand for these goods and services because there are a lot of schools encompassing my neighbourhood and these different schools need these teaching aids to help boost their level of communication to children. My business is much preferred because the teaching aids are sharp,real,easy to read and understand,quality,durable and very attractive and most of all very reasonable(in terms of cost). The business is profitable because there isn't much of a competiton and therefore we are able to supply to a large number of schools in the neighbourhood and make our profits. The main risks my business faces is that, should there be an error in the wording(digital form of teaching aids), it could be rejected and the cost of production is lost. However, this risk isn't so much of a problem because we have alternatives to remedy the situation whenever it occurs. I mostly make approximately 95usd every month. I believe through advertisement I can take over a greater number of schools in my country.

Loan Proposal

When I am given an amount of 355USD I would invest the money into online marketing of products. The main reason why I want to begin this venture is because I am in a Manufacturing Estate(Gicel) which seeks to help promote manufacturing businesses. However, the purpose of this manufacturing estate isn't being met. Therefore a lot of companies fold up after one or two years of entering this artisans village(Gicel). I therefore thought it wise to advertise the products of manufacturers in this artisan village online and on the media,in order to help boost their businesses. Amongst these manufacturers I would want to focus more on the sale of popcorn machines. There is a demand for this particular commodity because, people want to boost up their snack bars, restaurants, provision shops and others also do tabletop concessions(their main businesses). There is a preference for my services because I do door-to-door delivery of any item that is bought online @ a subsidized fee. This is a strategic plan in order boost sales in my country. This business is profitable because I negotiate with the manufacturers on the price of the item and sell it at a price higher than theirs(which is subject to negotiations i.e buyer-seller negotiations). In every business there is a risk and therefore my isn't an exception. The main risk I face is that, mostly I have to deliver the items before I am paid for the cost of services. I mostly make almost 81USD every month. I believe in taking marketing a step higher and promote businesses to achieve their purpose.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$413.00

Date disbursed

Mar 12, 2015

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $7.85

Lenders

J

jobo

Darmstadt, Germany

valentin

Stockholm, Sweden

J

jgpryor

Williamsport, PA, United States

D

dkapplerb

Toronto, Canada

AdamP

Sunnyvale, United States

G

garrybuck

Oro Valley, United States

R

rhc2104

Burlingame, United States

DeanDropshot

Oslo, Norway

F

Fredrik

Gothenburg, Sweden

I

Interfree

Dubai, United Arab Emirates

Kysera

Crawfordsville, United States

B

bentst

Kongsberg, Norway

S

sglobal

Philadelphia, United States

M

mgeck

Munich, Germany

HE

help each other

Glasgow, United Kingdom

F

fisaire

Ithaca, United States

G

grahamfamily

Guildford, United Kingdom

T

tonilends

catalonia is not:, Spain

S

SeanWolfPack

Raleigh, United States

B

bentrust

bordeaux, France

D

Dadiolafs

Vestmannaeyjar, Iceland

P

penguin3694

Chicago, United States

J

jdfoote

Evanston, United States

N

nichsafti

Menlo Park, United States

K

keane2097

Ranelagh, Ireland

K

Kweetnie

Rijswijk, Netherlands

M

michaelangers

Toronto, Canada

M

mkellerman

Shanghai, China

panamaman

Philadelphia, United States

M

memorissima

milano, Italy

L

LindsayB

Sydney, Australia

Muslim

Riyadh, Saudi Arabia

C

caz32

chertsey, United Kingdom

Longhorn

Austin, United States

indrayudha

Jakarta, Indonesia

S

Serene

Philadelphia, United States

Zal0m0n

Atlantis!!!! x), Mauritania

gseletko

South Perth, Australia

A

ask21900

Cedar Rapids, United States

mohita

delhi, India

P

PaddyP

athenry, Ireland

S

Spelbreker

Zwijnaarde, Belgium

V

Volpone

Geneva, Switzerland

Lambie

Perth, Australia

A

adamtj

toronto, Canada

S

seikatsu

Palo Alto, CA, United States

tonnyschonewille

Maastricht, Netherlands

GuillaumeTeissier

Montréal, Canada

Matthieu

Switzerland, France

H

harrymore

Townsville, Australia

xtrahardware

Cazenovia, United States

S

Sjors

Eindhoven, Netherlands

M

Madone52

Brisbane, Australia

C

curtains4u

North Kansas City, United States

DJBic

Clinton, United States

HealthcareProvider

Baltimore, United States

H

Haavard

Bergen, Norway

B

bwitt

Berkeley, United States

M

MarkKrakow

Joliet, United States

G

guggl

Vienna, Austria

M

mrjamesg

London, United Kingdom

G

GanSatya

United States

sderickson

Berkeley, CA, United States

T

thebonseung

Republic of Korea

O

oonbug

United States

J

janakan

Hong Kong, Hong Kong

pvilliger

Zurich, Switzerland

R

randall

Ogden, United States

H

HoseB

San Francisco, United States

Matching Fund

Sterling, United States

M

microlender

United States

cc5alive

Los Angeles, United States

ColinHicks

Chichester, United Kingdom

ScholaNatura

Czech Republic

R

richardavsmith

United Kingdom

L

lenders

United States

S

spivurno

United States

M

meric

Australia

S

SimonAngus

South Africa

bcortazar

Peckville, United States

Pankratio

EastVan, Canada

M

maverick

United States

joshuacollinson

Vienna, Austria

A

ajayhk

San Jose, United States

J

jbhernan

United States

Agerfar

Aarhus, Denmark

A

Arkad

United States

G

GDean

United States

D

DStateDDB

United States

W

wesbh89

United States

pixelsebi

Berlin, Germany

A

AlexH

United Kingdom

dpollard

United States

S

stryker75

United States

SV

sven vdk

Twickenham, United Kingdom

Matt B

Stratford Upon Avon, United Kingdom

Christopher Hey

Sudbury, Canada

M

Maggie

Australia

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