Making electric & gas popcorn machines

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

This loan is going to be invested into purchasing of items for the production of more 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 main 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 3-4 machines in a week which puts our sales revenues between 273-546 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.

Income Source

Our business marketing strategy is very effective even during this pandemic. We are registered on a number of ecommerce sites which permits our products to be seen by buyers all over Ghana. Each and every week, we have at least four orders of our popcorn machine product going out to a buyer. We also offer free delivery services in the midst of this pandemic. Wherever you are in Ghana, we are bale to reach you via Uber or mass transportation.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,033.16

Date disbursed

Jul 21, 2020

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $138.64

Credit risk payment: $207.89

Lenders

MarktheMormon

Sandy, Utah, United States

AF

a f

washington, United States

S

SelvaMarcus

Green Cove Springs, United States

Cloudways

Malta, Malta

Stefano Bertolo

Luxembourg, Luxembourg

ibc123

Seattle, United States

mikeice

Kohler, United States

B

bscent

Hong Kong

Mike and Jacqui

United Kingdom

moursund

Beaver Nation, United States

I

isaac

United Kingdom

Sinan Taifour

Munich, Germany, Germany

JH

Joseph Hwang

Houston, United States

M

Mary

United States

Carrie

Arlington, MA, United States

M

MaggieK

United States

Zimei

United States

S

Sam

New Zealand

J

John

Minneapolis, United States

AR

Arjun Ram

United States

CM

Chris Mueller

United States

AN

Alex N

Australia

Sayuri

United Kingdom

CL

Caleb Liu

United States

LH

Loksan Harley

United Kingdom

J

Jacob

Netherlands

D

Dan

Australia

M

Melissa

United States

Chris

Netherlands

S

Stephen

United States

R

Ru

New York, United States

V

Vic

Finland

MC

Mike Cormack

Vancouver, Canada

Youghal Boy

Co. Cork, Ireland

M

MSH

United Kingdom

E

Emma

Netherlands

MN

Mike Newhof

Grand Rapids, MI, United States

S

Sebastian

Netherlands

C

Chris

United States

G

Gustavo

Bergamo, Italy

B

Byron

Australia

SH

St H

Germany

AB

Angus Barkow

United States

A

[email protected]

United Arab Emirates

N

Nikko

United States

J

Jeremy

United States

LM

Linda Moroney

United States

S

Stephen

United States

DK

Daniel Kalla

Saint Paul, United States

A

AM

United States

S

Sarah

Manor, TX, United States

RR

Ryan Reslan

United Arab Emirates

C

Christian

Switzerland

N

Nicolas

United Kingdom

L

Leigh

Australia

AB

Alexander Bendzko

Ingolstadt, Germany

M

Marc

Berlin, Germany

ZC

Zach Corum

United States

Rafaela Steinherr

Munich, Germany

Utahna

United States

E

eelco

Netherlands

CC

Chris Coulson

United Kingdom

J

James

United Kingdom

C

Cole

United States

JS

Justice Stanton

Maryland, United States

Nadine

Fremantle, Australia

KM

Kirk Moore

Cerdanyola del Vallès, Spain

K

Kyle

Australia

JI

James Innes

United Kingdom

H

[email protected]

United Arab Emirates

V

Victoria

United States

K

Kieran

United Kingdom

Edwin Torres

Santa Ana, Calif., United States

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