Question 1

What motivated you to start Kwame Baah Shoes?

Accepted Answer

The desire to see family and friends having the capacity to take of themselves.

Question 2

What percent of your 2017 sales was online vs in store sales?

Accepted Answer

Hi Kevin, thanks for your question. At the moment we are generating approximately 5% of our sales from online and the remaining is from retail/wholesale trade shows and in store. This is not good for the longevity of the company and brand because we are in the digital age and more retail business is occurring online. That is the why we are focusing more on digital marketing this year and beyond. We have put together a solid digital marketing plan for this year, and we are hoping this offering...

Question 3

(1) Do you have financial statements available for review? (2) Do you have, or are you planning for, FT employees? (3) Who is handling your Marketing Plan?

Accepted Answer

Hi Thomas, 1.) We do have financial statements, attached to the form C. The form C is located below the RISK section under the OTHER DISCLOSURES. Scroll to the bottom of the page and you find it. When you click on the form C, click on these two documents: documents_list.htm and document_5.pdf. 2,) Yes, we have two full time employees, including myself, and one part-time employee in the US. We also have 15 full-time employees in our factory in Ghana that make the shoes. 3.) We used to do our o...

Question 4

Can you reconcile two conflicting figures on this site? On the video it says you have raised $11,660 from 8 investors, but further down the page it says you've raised $96,660 from 8+ investors. I am trying to get a sense as to how close you are to achieving your $50,000 minimum.

Accepted Answer

Hi Thomas, The $11, 660 on the video is the total amount raised from the ongoing campaign with Wefunder. The $96,660 is this $11,660 plus all funds raised previous to the Wefunder campaign. Any loans that are on the financial statement are considered previously raised funds. So we are $38,340 ($50,000-$11,660) away from achieving the $50,000 minimum goal.

Question 5

Is it 10% of gross or net revenue?

Accepted Answer

Hi Fabian, Thanks for the question. It is 10% of gross revenue share.

Kwame Baah Shoes

Alleviating poverty in Ghana with handcrafted footwear

$62,883

Kwame Baah Shoes

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$62,883

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