Popcorn machine manufacturing

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 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

6

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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: $95.59

Credit risk payment: $143.32

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

A

Anonymous

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

A

Andrei

United States

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

Jes-c

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

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

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  • Gideon Amefu    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 Golo    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.

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  • Christy Doh Happy    Sep 24, 2021

    He promised to resume payment soon

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  • Christy Doh Happy    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 Arthur    Aug 16, 2021

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

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  • Gideon Amefu    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 Arthur    Jul 14, 2021

    I called him and he said he will resume payment soon

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  • Gideon Amefu    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 Arthur    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 Amefu    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 Shakool    May 2, 2021

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

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  • Gideon Amefu    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 Amefu    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 Shakool    Mar 31, 2021

    Gideon said he will repay his loan back soon

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  • Frank Afful    Mar 2, 2021

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

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  • Gideon Amefu    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 Afful    Jan 30, 2021

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

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  • Gideon Amefu    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 Amefu    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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