Name
Joyce
Member since
August 2012
On-time repayments
86 installments • 64%
I am Joyce Fondo. With my husband and children we have a baking business in Tezo, Kilifi County, on the Kenyan Coast. With the help of the family, we bake breads and cakes; however, it is difficult for the business without a larger and more efficient oven. With the help of a business class run by a local NGO, I realized the Zidisha loan would allow me to purchase a commercial size oven, made by a local craftsman, which will allow up to 100 loaves of bread at a time, reducing costs and increasing profitability.
My graduation photo from the Business Skills class is included on this webpage. In class we learned about business finance, marketing and how to write a business plan.
My husband and I are retired schoolteachers. We also volunteer as Community Health Workers, a program in Kenya that brings health education and outreach to the local villages. Presently, our family income is supplemented by selling produce.
The nearest town, Kilifi, is 12 kilometres away, so there are opportunities to sell fresh bread locally in Tezo and north. Our customers do not have to travel to Kilifi to buy bread. We also have weddings and other celebrations that need our cakes. Having a larger oven will help us to meet the demand for bread, cakes and expand to other items. This will make our baking profitable
Dear lenders we have decided to request this second loan in order to bring electricity to the bakery and to get a cart. With the cart, my son can sell scones and also juices at the market. I had a problem with air quality in the baking room and I will have a workman come to fix the air quality problem. After repaying this loan, we hope to take another to buy a large dough mixer as our JoyFo bakery is getting bigger every month.
After meeting with our business advisor we decided it would be better to take a smaller loan and then get the mixer later. Blessings to all of you for your support.
Positive
4
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$824.00
Date disbursed
Nov 4, 2013
Repayment status
On Time
Projected term
18 months
Other loans
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Amount repaid
$924.12
Amount remaining
$0.00
Date repaid
Feb 24, 2015
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Dec 14, 2013 | $74.23 | Dec 15, 2013 | $74.23 |
Jan 14, 2014 | $74.23 | Dec 15, 2013 | $3.15 |
Jan 14, 2014 | $71.07 | ||
Feb 14, 2014 | $74.23 | Jan 14, 2014 | $0.36 |
Feb 16, 2014 | $73.87 | ||
Mar 15, 2014 | $74.23 | Feb 16, 2014 | $3.51 |
Mar 17, 2014 | $29.76 | ||
Apr 16, 2014 | $40.95 | ||
Apr 15, 2014 | $74.23 | Apr 16, 2014 | $66.19 |
Apr 16, 2014 | $8.04 | ||
May 15, 2014 | $3.51 | Apr 16, 2014 | $3.51 |
Jun 15, 2014 | $47.62 | Jun 16, 2014 | $47.62 |
Jul 15, 2014 | $47.62 | Jul 11, 2014 | $47.62 |
Aug 15, 2014 | $47.62 | Aug 21, 2014 | $47.62 |
Sep 15, 2014 | $47.62 | Sep 15, 2014 | $47.62 |
Oct 15, 2014 | $47.62 | Oct 17, 2014 | $47.62 |
Nov 14, 2014 | $47.62 | Nov 14, 2014 | $47.62 |
Dec 14, 2014 | $47.62 | Nov 27, 2014 | $47.62 |
Jan 14, 2015 | $47.62 | Jan 15, 2015 | $47.62 |
Feb 14, 2015 | $47.62 | Feb 24, 2015 | $47.62 |
Mar 15, 2015 | $47.62 | Feb 24, 2015 | $47.62 |
Apr 15, 2015 | $47.62 | Feb 24, 2015 | $47.62 |
May 15, 2015 | $25.67 | Feb 24, 2015 | $25.67 |
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