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 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
Positive
6
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$2,948.00
Date disbursed
Nov 18, 2020
Repayment status
Late
Projected term
14 months
Other loans
Lenders
Chicago, United States
Osaka, Japan
Germany
South Bend, United States
United States
Germany
United States
United States
Germany
Australia
United States
United States
Syracuse, NY, United States
United States
United States
Norway
Denmark
Colorado Springs, Colorado, United States
United States
Houston, United States
United States
Norway
United States
United States
Germany
United States
Croatia
United States
United Kingdom
Ilmenau, Germany
United Kingdom
United States
United States
United States
United States
Ask Gideon a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$200.25
Amount remaining
$2,565.13
Expected completion
Jan 17, 2022
Status
Repaying late
Installment amount
$9.75
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 30, 2020 | $0.00 | ||
| Dec 7, 2020 | $34.83 | Dec 7, 2020 | $34.83 |
| Dec 14, 2020 | $34.83 | Dec 14, 2020 | $34.83 |
| Dec 21, 2020 | $34.83 | Dec 21, 2020 | $34.83 |
| Dec 28, 2020 | $34.83 | Dec 28, 2020 | $34.83 |
| Jan 4, 2021 | $34.83 | Jan 4, 2021 | $34.83 |
| Jan 11, 2021 | $17.24 | Jan 11, 2021 | $17.24 |
| Jan 18, 2021 | $0.00 | ||
| Jan 25, 2021 | $0.00 | ||
| Feb 1, 2021 | $8.71 | Jan 11, 2021 | $0.17 |
| Apr 10, 2021 | $8.53 | ||
| Feb 8, 2021 | $0.00 | ||
| Feb 15, 2021 | $0.00 | ||
| Feb 22, 2021 | $0.00 | ||
| Mar 1, 2021 | $0.00 | ||
| Mar 8, 2021 | $0.00 | ||
| Mar 15, 2021 | $0.00 | ||
| Mar 22, 2021 | $0.00 | ||
| Mar 29, 2021 | $0.00 | ||
| Apr 5, 2021 | $0.00 | ||
| Apr 12, 2021 | $0.00 | ||
| Apr 19, 2021 | $9.75 | Apr 10, 2021 | $0.17 |
| Apr 26, 2021 | $9.75 | ||
| May 3, 2021 | $9.75 | ||
| May 10, 2021 | $9.75 | ||
| May 17, 2021 | $9.75 | ||
| May 24, 2021 | $9.75 | ||
| May 31, 2021 | $9.75 | ||
| Jun 7, 2021 | $9.75 | ||
| Jun 14, 2021 | $9.75 | ||
| Jun 21, 2021 | $9.75 | ||
| Jun 28, 2021 | $10.10 | ||
| Jul 5, 2021 | $10.10 | ||
| Jul 12, 2021 | $10.10 | ||
| Jul 19, 2021 | $10.10 | ||
| Jul 26, 2021 | $10.10 | ||
| Aug 2, 2021 | $10.10 | ||
| Aug 9, 2021 | $10.10 | ||
| Aug 16, 2021 | $10.10 | ||
| Aug 23, 2021 | $10.10 | ||
| Aug 30, 2021 | $10.10 | ||
| Sep 6, 2021 | $162.81 | ||
| Sep 13, 2021 | $162.81 | ||
| Sep 20, 2021 | $162.81 | ||
| Sep 27, 2021 | $162.81 | ||
| Oct 4, 2021 | $10.45 | ||
| Oct 11, 2021 | $10.45 | ||
| Oct 18, 2021 | $10.45 | ||
| Oct 25, 2021 | $10.45 | ||
| Nov 1, 2021 | $10.45 | ||
| Nov 8, 2021 | $162.81 | ||
| Nov 15, 2021 | $162.81 | ||
| Nov 22, 2021 | $162.81 | ||
| Nov 29, 2021 | $162.81 | ||
| Dec 6, 2021 | $162.81 | ||
| Dec 13, 2021 | $162.81 | ||
| Dec 20, 2021 | $162.81 | ||
| Dec 27, 2021 | $162.81 | ||
| Jan 3, 2022 | $162.81 | ||
| Jan 10, 2022 | $162.81 | ||
| Jan 17, 2022 | $35.17 | ||
Youghal Boy Jul 18, 2020
Loading...