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
In this next credit limit, I intend to use the loan to start up the delivery of pineapple fruit juice. This is a venture i intend to start to supplement the income I already receive from my sale of popcorn machines.
I intend to buy 100boxes of pineapple fruit juice which would amount to a total of $631. In each box of fruit juice contains 24bottles. We intend to sell the 100 boxes at a sum total of $816,hence a profit margin of $203 would be made. The money would be regenerated and hence could be used to order for more of the pineapple juice and then used to satisfy the demands of the market. This means a non- ending generation of profit once there is a demand to supply on the market.This profit margin would help me to defray my university fees and as well as my lecture materials. It would also go along way to help my expenses as a student.
This business soughts to provide easy snacks and deserts to students on and off campus.
We looking to taking over the whole of the university with this pineapple juice and also the whole region.
Feedback
Positive
6
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$820.89
Date disbursed
Apr 29, 2016
Repayment status
On Time
Projected term
15 months
Cost to entrepreneur
Service fee: $19.37
Gideon opted to pay
$59.51 into the Zidisha Members
Loan Fund in return for a
higher starting credit limit.
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Youghal Boy Jul 18, 2020
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