Developing my bakery

Sammuel Aidoo

Cape Coast, Ghana

18% repaid

Entrepreneur

Name

Sammuel Aidoo

Location

Cape Coast, Ghana

On-time repayments

23 weekly installments  •  100%

About Me

Aidoo Samuel is my name I am married man with three children , I live at brafoyaw with my wife and the children, opposite Aggray momoriah senior high school cape coast and I am 1.72 hight tell,36years old
And my mother name is madam Grace Amoah and Mr samuel Aidoo( senior) is my father, I have three sisters,two brothers, same of them are schooling and I take care of their education finance because my father is ageing and he is a jobless and mother is used to doing small scale business her profit is very poor so I have to support them because I am the elder son. I became self employed in September 5th 2005 after completed my apprenciteship work at University of cape coast fault of maintenance section and bakery business is one of the Great opportunity job to me, because my late grandmother was a baker so I learned it from her when I was a kid at the age of 10years at that time I was in class 4 at primary school and my wife is also baker but because of her pregnancy period she couldn't able to continue the bread business because of heat and other things so she handing over to me including all her equipment,At moment my wife handing over the job to me people's started laughing at me saying that my wife has fooling me because in our community only female people do the bread business so why should I do such business, but I didn't listen to them and work hard to gain in the business to achieve one of the big container store in our community, that container is now we are working in, if you go to other region in Ghana you could see that many male people do bakery business, so I will say that I am the first male person to do bakery business in our community, so now same of elders in our community said I have set a good example for young boys in our community.
the most interested thing I like best is research in Internet, playing games on my phone but since I joined zidisha I have stopped because I don't get time to play even previously I like to watch football match and other things but this day's because of my business I spend more time in my business both bakery and Electrical works.

My Business

My business is bakery, selling soft drinks,and my other source of income comes from my Electrical work, currently I gain 60%from bakery business,30%fromElectrical work,5%from soft drinks and 5%from fan milk business but in my Electrical works if I get a contract I gain more profit then selling soft drinks and bakery business and fan milk business. my fanmilk products I sell was credited to me and after selling I paid back.

Loan Proposal

If this offer offered I will use it to purchase more items like flour, margarine, suger, yeast, baking powder and I got a contract of my electrical work so I will use some part of the amount to purchase electric cables, consumer mainswitchs, p.v.c pipe, conduit box and others that will help me to get profit to repay my loan because I sell the material to the owner of the work so I will get profit from there and I will also do the job that one to I will get another profit so if this offer comes it will a lot to achieve my dream. Thank you I hope zidisha will make possible for me.

Income Source

Although this pandemic is disturbing as but as we are observing our government protocol is marketing is good standard so I hope by the end of week I will earn money to pay back.

My Videos

Mar 12, 2021: Introduction of my business

Feedback

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Loan Info

Disbursed amount

$1,779.09

Date disbursed

Mar 20, 2021

Repayment status

On Time

Projected term

5 months

Cost of loan

Service fee: 5% of $1,779.09 = $88.19

Credit risk payment: $88.19

Optional expediting fee: $176.57

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