A loan of $325 helped purchase of raw materials for the manufacture of soap.


Moussokoro's story

Moussokoro D., who is 49 years old and the mother of 5 girls, lives with her father in Mancouranin 1, one of the districts of Sikasso (in the third administrative region of Mali).
Moussokoro D. after having many unsuccessful activities, learnt how to make soap from a friend 5 years ago .She runs her business from her home in Sikasso and is much in demand from her customers due to the high quality of her goods.To satisfy her growing clientele, three years ago she decided to join the Soro Yiriwaso microfinance organisation, with whom she has benefitted from five interdependent loans (group loans) with a women’s association in her neighbourhood (Mancourani I Insurance Association) thus this is her first individual loan which will enable her to increase her working capital in order to purchase the necessary raw materials.
With this first credit she plans to buy 1 barrel of cotton seed oil, 1 barrel of cotton seed oil scrap (black pastes), 3 bags of caustic soda, 1 package of perfume, and 2 cartloads of firewood. She buys her raw materials locally and at Bobo Dioulasso (in Burkina Faso).She makes the soaps and cuts them into pieces in order to sell them half wholesale to dealers, and retail to a clientele that is mainly made up of women in her neighbourhood.
With this loan she hopes to make a monthly profit of 95 000 FCFA which she will use mainly to contribute to family expenses, to pay the interest of her loan and she will invest the remainder in her business.

Translated from French by Kiva volunteer



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