Popcorn machine manufacturing

Gideon Amefu

New Weija, Ghana

100% repaid

Entrepreneur

Name

Gideon Amefu

Location

New Weija, Ghana

On-time repayments

283 weekly installments  •  79%

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 invested into purchasing of items for the production of locally made electric and gas popcorn machines. Over the years, I have been in the business of just buying and selling of popcorn machines. Gradually we have been able to build up our capital through Zidisha and we now want to become the producers of the machines and sell them on the Ghanaian market. We have two different types of machines. We have the single popcorn machine and double popcorn machines. For each type of machine, they are either built to use gas or electricity. This provides a whole lot of options for the common Ghanaian to choose from. Each single machine costs 91 dollars whilst the double machine costs 182 dollars. We averagely sell three machines in a week which puts our sales revenue at about 273 dollars each week. Our profits each week is approximately 145 dollars. I believe we can help the common Ghanaian start a popcorn business if they buy just one of our machines and this could help improve their standard of living.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,401.97

Date disbursed

Apr 3, 2020

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $117.26

Credit risk payment: $175.81

Lenders

Brian

Midhurst, Canada

cyrus0302

San Francisco, United States

AltruisticSelfishnes

Chicago, United States

lietu

Tallinn, Estonia

Kjartan

Oslo, Norway

Scott

Oregon, United States

T

Tallago3

Munich, Germany

G

GLWall

Iowa, United States

A

AlexCheng

Seattle, United States

Cloudways

Malta, Malta

AdvancingCompassion

San Diego, United States

Namaste250

Pittsford, United States

mtnsailor

Harrisonburg, United States

Andreas Kiss

Vienna, Austria, Austria

E

erogers

Vancouver, Canada

A

Andy

Berlin, United States

RckyMntFamily

Colorado, United States

G

Goldrivermob

Gold River, Canada

C

Colmena

Chicago, United States

A

AndrewC

London, United Kingdom

P

Pavane

Kungsbacka, Sweden

R

run426

DeBary, United States

JonB

London, United Kingdom

P

phoebius

Cambridge, United Kingdom

soniad

Dubai, United Arab Emirates

ibc123

Seattle, United States

K

khassi

AinEbel, Lebanon

MrMichigander

Marquette, United States

mikeice

Kohler, United States

C

Clben7

Cincinnati, United States

N

nycjen

United States

MalcolmL

San Francisco, United States

R

roozbeh

United States

S

stevemorin

United States

DavidHS

United Kingdom

M

merk85

United States

R

richardbrewster

United Kingdom

B

bugdaniel

Switzerland

smastermind

Jerusalem, Israel

mepster

San Francisco, Ca, United States

B

bscent

Hong Kong

M

Mkaput926

United States

J

JonAlec

United States

Dave Bogard

New York, United States

Franmiguel

Perth, Australia

R

Robert

Berlin, Germany

MW

Matt Willis

United States

W

Wade

United States

DN

Don Nichols

United States

Herbert Morin

United States

Kate Courteau

United States

Craig

Memphis, TN, United States

Kristin Rhodes

Kansas City, Kansas, United States

moursund

Beaver Nation, United States

Max Lettenberger

Madison, WI, United States

Kevin

San Francisco, United States

I

Ian

United Kingdom

Jennifer Weber

Canandaigua, Ny, United States

C

cota

United States

John Prendiville

Portland, United States

ME

Manaal Eisa

Washington DC, United States

PT

Paul T

Amsterdam, Netherlands

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

Mark Grey

Redding, CT, United States

AH

ajay hampapur

United States

N

Nick

United States

E

eriklonnroth

United Kingdom

Aran Dunlop

United States

Paul Smithson

Leeds, United Kingdom

P

Peter

Bratislava, Slovakia

Cliff

United States

SH

Steven Huntington

London, United Kingdom

Rory McLaughlin

Dallas, United States

GY

Gonul Yalcin

United States

Thomas

Sweden, Sweden

R

Rahima

United States

KE

Karen Epolito

Syracuse, NY, United States

PR

Priscilla Rathbone

Seattle, Washington, United States

V

Vidar

Oslo, Norway

P

Phips

Switzerland

I

isaac

United Kingdom

RC

Rudi Chen

United States

Madeleine

Switzerland

A

Ashley

United Kingdom

SB

Sue Bucholz

Sacramento, United States

KT

Kate Turner

United States

NG

Nick Gorrell

Surfers Paradise, Queensland, Australia

M

Matthias

Australia

W

Wim

Netherlands

SA

Steve A

Newbury, United Kingdom

J

James

United States

A

Adam

United Kingdom

Myria

New Mexico, United States

Angela Linwood

Minneapolis, Minnesota, United States

RT

Rob Torti

United States

L

Linda

United States

United States

B

Brett

Australia

AL

Adam Larkin

United States

J Laufs

Germany

Zack Stein

United States

V

Vasil

Belarus

I

ixeldog

atlanta, United States

GA

Giovanni and Yelena

New York, Ny, United States

JA

Jan Andresen

Hamburg, Germany

ED

em degu

United States

ZA

Ziyad Alsufyani

Jeddah, Saudi Arabia

AS

Aida Smith

United States

LZ

Li Zhang

United Kingdom

Sinan Taifour

Munich, Germany, Germany

JA

Joe and Deb Rinella

Kansas City Metro, United States

James

London, United Kingdom

T

Tom

United States

SA

Shar Alamdari

Los Angeles, United States

Ryan Keller

Hong Kong, Hong Kong

MP

Matt Patton

United States

KG

Kate Goodwin

United States

Ren

Minneapolis/StPaul, United States

L

Lucy

Australia

Martin Kraus

Traiskirchen, Austria

E

Erik

Frankfurt/Main, Germany

S

Suzannah

New York City, United States

Craig Travis Provyn

Bradenton, Florida, United States

M

Marama

Australia

BH

Barbara Hermann

United Kingdom

Benjamin Kniaz

Boston, United States

RR

Rory Rohloff

United States

WS

Warren Shen

United States

RS

Rich Stein

United States

JH

Joseph Hwang

Houston, United States

petter

Finland

CJ

Carrie Jean

United States

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