Making electric & gas 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 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

6

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,033.00

Date disbursed

Jul 21, 2020

Repayment status

On Time

Projected term

6 months

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

A

Anonymous

United Kingdom

Sayuri

United Kingdom

CL

Caleb Liu

United States

LH

Loksan Harley

United Kingdom

J

Jacob

Netherlands

D

Dan

Australia

M

Melissa

United States

A

Anonymous

United States

A

Anonymous

United States

A

Anonymous

Switzerland

CB

Chris Baker

United States

A

Anonymous

United States

Chris

Netherlands

S

Stephen

United States

R

Ru

New York, United States

V

Vic

Finland

MC

Mike Cormack

Vancouver, Canada

A

Anonymous

United States

A

Anonymous

United States

Youghal Boy

Co. Cork, Ireland

M

MSH

United Kingdom

N

Nate

South Strafford, United States

A

Anonymous

United States

A

Anonymous

United States

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

Anonymous

United Arab Emirates

N

Nikko

United States

J

Jeremy

United States

LM

Linda Moroney

United States

S

Stephen

United States

A

Anonymous

United States

DK

Daniel Kalla

Saint Paul, United States

A

AM

United States

ebird23

Germany

S

Sarah

Manor, TX, United States

RR

Ryan Reslan

United Arab Emirates

C

Christian

Switzerland

H

HJ

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

A

Anonymous

United States

A

Anonymous

United States

E

eelco

Netherlands

CC

Chris Coulson

United Kingdom

J

James

United Kingdom

C

Cole

United States

A

Anonymous

United States

JS

Justice Stanton

Maryland, United States

A

Anonymous

South Africa

Susan Benjamin

United States

Nadine

Fremantle, Australia

KM

Kirk Moore

Cerdanyola del Vallès, Spain

K

Kyle

Australia

JI

James Innes

United Kingdom

A

Anonymous

United Arab Emirates

V

Victoria

United States

K

Kieran

United Kingdom

Edwin Torres

Santa Ana, Calif., United States

A

Anonymous

United States

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  • Gideon    Oct 8, 2021

    Hello Zidisha, business has been slow lately. Cost of production has gone up in recent times due to increment in the prices on the market. The profit margin being made previously has now been slashed down due to this change. However, we are making new changes and improvements to boost sales. Thank you

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  • Christian    Oct 7, 2021

    John Amefu's phone is switched off, but I manage to speak with one of his references Roland Adjei who to talk to him.

    Log in to reply • Share
  • Christy Doh    Sep 24, 2021

    He promised to resume payment soon

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  • Christy Doh    Aug 19, 2021

    When I call Amefu he told me business is slow but he will make sure to pay some

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  • John Michael    Aug 16, 2021

    I spoke with him today and he promised to resume payment soon

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  • Gideon    Aug 5, 2021

    Well business has been slow of late but we are hoping with time it would pick up. Prices of commodities have gone up drastically and as such it is causing our operational cost and pricing of the machine to go up. Due to the changes in price, we are not having an influx of buyers as before plus the COVID-19 situation. I hope to resume payments in bulk once market gets back to normal. Thank you

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  • John Michael    Jul 14, 2021

    I called him and he said he will resume payment soon

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  • Gideon    Jul 1, 2021

    The prices of our raw materials for production have increased tremendously in Ghana and keep increasing. Each day there is a change in prices. It has reduced the profit margin we make on our products. However, we are trying our possible best to pay back the loan in due course. Thank you

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  • John Michael    Jun 13, 2021

    I called Gideon's line he is picking and all his references and they are all also not picking up calls

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  • Gideon    May 26, 2021

    Business has been a little bit slow and we are hoping it would pick up soon. We are advertising more to get more buyers for our products. Thank you

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  • Abdul    May 2, 2021

    Gideon said business is slow so I should give him 2 weeks to repay it back

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  • Gideon    Apr 21, 2021

    Business has been a bit slow since the beginning of the year. We are hoping for our product to start moving as usual in the course of the subsequent months.

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  • Gideon    Apr 10, 2021

    Hello lenders, business just began to pick up. When the year began, we had very few orders but the market is beginning to become steady and I hope to start paying off the loan as agreed. Thank you

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  • Abdul    Mar 31, 2021

    Gideon said he will repay his loan back soon

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  • Frank    Mar 2, 2021

    Gideon says he is facing some challenges but will repay the loan

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  • Gideon    Feb 8, 2021

    Business is still not brisk as expected. Orders keep coming but not in their usual numbers. I would like to reduce the installment amount until our order numbers go up. Thank you

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  • Frank    Jan 30, 2021

    I spoke to Gideon mother and she promised to inform Gideon of the payments

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  • Gideon    Jan 11, 2021

    During the Christmas festivities, business seemed to be much slower and its now picking up. Orders for our popcorn machines have started trickling in but not in the usual quantity we used to sell. I am hoping things normalize by ending of January so we could pay much more than we are doing now. Thank you

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  • Gideon    Jan 4, 2021

    Sales have grinded almost to a halt due to the Christmas and New year holidays. We are hoping sales would pick up in the next couple of weeks but for now we have to adjust our installment rate so that I don't default.

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