A loan of $1,050 helped to buy 15 drums of cotton oil waste, 8 sacks of sodium hydroxide, and 5 wagonloads of firewood.


Salimata's story

Salimata Traoré, age 42, is a married woman and the mother of 4 children. She lives with her husband in a large traditional family in Fama, in downtown Sikasso (third administrative region of the Republic of Mali). After running several unsuccessful businesses, she started selling traditional soaps (black soap) five years ago, a business she learned from one of her neighbors. She runs this business at home in Sikasso, where she's very much in demand due to the quality of her products.

To meet an ever-increasing customer demand, she decided to join Kiva's partner, the microfinance organization Soro Yiriwaso, three years ago. She's seeking her fourth individual loan, and all previous loans were repaid without problems. She intends to use this loan to buy 15 drums of cotton oil waste, 8 sacks of sodium hydroxide, and 5 wagonloads of firewood. After making soaps from cotton oil waste and sodium hydroxide, she retails them to a clientele usually composed of women of her town.

With this loan, she foresees turning a monthly profit of XOF 200'000 (ca US$ 400), to be used mostly to bolster her working capital, help with the family expenses, and repay the loan. The remainder will be invested in her business.

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Translated from French by Kiva volunteer Patrick Stadelmann



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