Popcorn machine manufacturing

Gideon Amefu

New Weija, Ghana

7% 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 machines going out to buyers. We also offer free delivery services in the midst of this pandemic. Wherever you are in Ghana, we are able to reach you via Uber or mass transportation

Feedback

6

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$2,765.55

Date disbursed

Nov 18, 2020

Repayment status

Late

Projected term

14 months

Cost to entrepreneur

Service fee: $201.06

Credit risk payment: $301.58

Lenders

lietu

Tallinn, Estonia

B

Bpryse

Long beach, United States

MarktheMormon

Sandy, Utah, United States

A

anonymus

Moon, United States

johnandmoliehi

Canton, New York, United States

T

ToddK

Indianapolis, IN, USA, United States

MakeSense

-, St. Kitts and Nevis

L

lujabe

Melbourne, Australia

Tavin

Ottawa, Canada

C

chrisherron

Chicago, United States

V

vaglio

Vaglio, Switzerland

DLarson

Morris, United States

D

Divergent

Bethesda, United States

Cloudways

Malta, Malta

C

Christougher

Osaka, Japan

nakamura

United States

VintageCalifornia

San Diego, United States

JTShorty

Gorham, Maine, United States

R

RCHeying

Marietta, United States

H

happytrailsjpd

South Bend, United States

Evan Lamos

Brussels, Belgium

M

Mal57

Australia

J

jay12

Germany

trincowski

Vilar, Vila do Conde, Portugal

Buzzel

Frankfurt, Germany

M

motivator1117

United States

M

mbarbier

United States

Dave Bogard

New York, United States

SMOICE

Berlin, Germany

W

Wade

United States

Craig

Memphis, TN, United States

Richard

Shrewsbury, United Kingdom

I

Ian

United Kingdom

BB

Ben Bellows

United States

Mark Grey

Redding, CT, United States

AH

ajay hampapur

United States

Aran Dunlop

United States

Paul Smithson

Leeds, United Kingdom

Diego

Monza, Italy

Strong

Netherlands

Philip Schueler

Newbridge, Ireland, Ireland

KE

Karen Epolito

Syracuse, NY, United States

P

Phips

Switzerland

I

isaac

United Kingdom

AW

April Wood

United States

Zack Stein

United States

Ren

Minneapolis/StPaul, United States

RG

Regina Gadad

United States

S

Suzannah

New York City, United States

V

Veronica

United States

DW

David Westmoreland

Colorado Springs, Colorado, United States

Mike

Indianapolis, United States

JH

Joseph Hwang

Houston, United States

Paul Buchheit

Mountain View, United States

M

Mary

United States

F

Florian

Netherlands

CN

Craig Newmark

United States

Daniel Toke Hansen

Copenhagen, Denmark

sbdoc

Reno, United States

E

EJOBIV

United States

CP

Carina Paton

United States

WM

Will Martin

United States

CJ

Chloe Jensen

United States

Remo

Switzerland

Ryan Agnew

Australia

DO

Denis Ontiveros

Guildford, United Kingdom

BR

Brian Rickman

United States

KC

Ken C

United States

C

Carol

Bayswater, WA, Australia

L

Lisa

United States

DL

Daniel levy

United States

Andrew

United States

JR

Jose Ramirez

World, Spain

RS

Ralph Smyth

United Kingdom

SS

Sandra Sullivan

United Kingdom

M

MaggieK

United States

E

Eduardo

Paraguay

D

Dan

Australia

DB

David Buchanan

Ilmenau, Germany

J

Jeremy

United States

S

Stephen

United States

Black and White Zebra

Vancouver, Canada

JI

James Innes

United Kingdom

A

Anonymous

United States

SK

Susie Kyoo

United States

Jan

Poland

AZ

Andre Zita

United States

LC

Linda Cladis

United States

Tony Barbou

Grenoble, France

F

Fonz

United States

Brian Herrmann

Chicago, United States

R

Richard

United Kingdom

Ask Gideon a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...