Developing my bakery

Sammuel

Cape Coast, Ghana

35% repaid

Entrepreneur

Name

Sammuel

Member since

July 2020

On-time repayments

100 installments  •  31%

About Me

Aidoo Samuel is my name I am a married man with three children, I live at Brafoyaw with my wife and the children, opposite Aggray Memorial Senior High School Cape Coast and I am 1.72 height tell,36years old
My mother's name is Madam Grace Amoah and Mr. Samuel Aidoo( senior) is my father, I have three sisters and two brothers, some of them are schooling and I take care of their education finances because my father is aging 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 apprenticeship 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 temperature 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 interesting thing I like best is researching on the Internet, and playing games on my phone but since I joined zidisha I have stopped because I don't get time to play even previously I liked to watch football matches and other things but these days 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

1

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,761.00

Date disbursed

Mar 20, 2021

Repayment status

Late

Projected term

20 months

Lenders

W

Witlof

Tsukuba, Japan

T

Tallago3

Munich, Germany

K

kloden

Chicago, United States

P

Piotr

London, United Kingdom

ads68

Melbourne, Australia

D

ddandipu

Calgary, Canada

D

dcheung

San Francisco, United States

Genady

Münich, Germany

smastermind

Jerusalem, Israel

B

bscent

Hong Kong

E

egines

United States

GaloLending

United States

S

Stephan

Netherlands

Dave Bogard

New York, United States

I

Ian

United Kingdom

IV

Indira van Uyten

Neterlands Antilles

Emma

Australia

Framework Eyewear

Utrecht, Netherlands

AL

Aley Lira

Rio de Janeiro, Brazil

Sigrid

Belgium

I

isaac

United Kingdom

Carla

United States

NG

Nick Gorrell

Surfers Paradise, Queensland, Australia

I

ixeldog

atlanta, United States

Ed

Howells, United States

Lex Moen

Netherlands

Alex

Ohio, United States

Paul Buchheit

Mountain View, United States

Nethanel Kohen

NYC, United States

AK

Aleks Kovski

United States

NB

Nikolaus Bührer

Karlsruhe, Germany

KM

Kirk Moore

Cerdanyola del Vallès, Spain

JI

James Innes

United Kingdom

K

KM

United States

TM

Toby Minton

United States

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  • Sammuel    Oct 29, 2022

    I'm ready to make payments but payment options has been pause and I am waiting.

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  • Sammuel    Oct 9, 2022

    The payment option is not available on my dashboard so I am waiting for you to resolve the issue with the bank of Ghana.

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  • Sammuel    Sep 21, 2022

    I traveled in the past few weeks and I am now at home and I pursue my business.

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  • Sammuel    Sep 6, 2022

    My lenders I was repaying my loan gradually but I am still facing a financial situation and I will bounce back very soon.

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  • Sammuel    Aug 25, 2022

    Pass week ago things are very poor for my business but I hope things will turn good for me.

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  • Sammuel    Aug 19, 2022

    This week was very bad week for me because market was very poor but I hope coming week things will work better.

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  • Sammuel    Aug 12, 2022

    Things are going well for me but the profit and business capital is very low.

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  • Sammuel    Aug 10, 2022

    Greetings, to all my lenders including the zidisha team Now things are going through but the weekend profits, are less than the amount I suppose to pay.

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  • Sammuel    Aug 3, 2022

    Presently my electrical work is helping me now but my income is not meet the scheduled amount and I hope everything will be okay.

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  • Sammuel    Jul 27, 2022

    Now things are moving a bit by bit but not enough income.

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  • Sammuel    Jul 20, 2022

    I have a purse for the distribution of bread to my customers due to the high increase in flour, sugar, margarine and others because I lose when I did so and now my earnings is not enough to complete my schedule amount.

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  • Sammuel    Jul 1, 2022

    I am in a financial crisis now even the money I will use to buy the bakery items is difficult so please my lenders have Mercy upon me and I will start making payments if things get well.
    Thanks.

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  • Sammuel    Jun 20, 2022

    My lenders, still I am suffering in my business, and about 97% of my customers are gone due to an increase of the bread because flour, prices and other baking items are highly increased.

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  • Sammuel    Jun 11, 2022

    My bakery business is down because I have lost all my costumer's.

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  • Sammuel    May 28, 2022

    Now I have got a new job in my electrical work and I will make a payment if get paid.

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  • Sammuel    May 17, 2022

    Still, things are not going through for me at all, and marketing has changed people are not buying bread due to a small increase in bread price.

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  • Sammuel    May 6, 2022

    On the 23th of April 2022 business was a little bit good so I made a payment but unfortunately it couldn't credited to my account so I am working on my bank so that they refund the amount to me to make payment and now I am still suffering in my business my capital has reduce and losing of costumer's.

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  • Sammuel    Apr 22, 2022

    Hello, my lenders, my business is facing a financial crisis now, and if God did not help me out my business will collapse it is all about a high increase in flour, margarine, sugar these 3 main ingredients' price is so high, previously one bag of flour was 165,00 but now is 420.00 and others I am suffering now.

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  • Sammuel    Apr 14, 2022

    Now I am facing a lot of problems in my business including family issues, my sibling's education fees.

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