Manufacturing of locally made popcorn machines
Gideon
New Weija, Ghana
100% repaid
Entrepreneur
Name
Gideon
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
This loan is going to be used to produce locally fabricated
popcorn machines. Over the years, i have been a marketer of
locally fabricated popcorn machines in Ghana on various
advertising platforms. The machines have been well
patronized by the Ghanaian community and i think its time to
expand this business.
Initially i have been a marketer for various companies that
produce the locally manufactured popcorn machine. This next
credit limit is going to help me establish my own locally
manufactured popcorn machine brand on the market. With this
loan i would be able to buy the materials for the production
of this machine and employ a few experienced hands to
manufacture the machine in Ghana. This brand would have
my stickers and phone numbers so that all who see it on the
market can call and also buy. This means that there is going
to be an increase in the number of clients i used to have
previously because i now have my own brand name. For each
machine sold a profit of $23 dollars is made.
In a month,on an average sale we could realize a profit
of $345 after all expenses have been catered for. This money
would help me continue my education and cater for my
daily expenses. Employment would also be created too because
the experienced hands would be called upon to manufacture
the machines.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,102.00
Date disbursed
Aug 7, 2017
Repayment status
On Time
Projected term
13 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Qatar
Germany
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Youghal Boy Jul 18, 2020
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