A loan of $1,025 helped to purchase used cottonseed oil and soda ash.


Salimata's story

Salimata is a married woman of 43 and a mother of four children. She lives with her husband and their children in a large traditional family in Fama, the downtown area of Sikasso.
After having unsuccessfully tried many businesses, Salimata learned how to make traditional soaps (black soaps) approximately six years ago, from a neighbor. She runs her business out of her family home in Sikasso where her products are highly sought after by her clients for their quality.
To satisfy her ever-growing clientele, she decided to join the microfinance institution Soro Yiriwaso three years ago. After successfully reimbursing 5 loans, she is applying for her 6th individual loan.
With this loan, she will purchase 20 barrels of cottonseed oil (used oil), 10 bags of soda ash and 6 wheelbarrows full of firewood. After making soap from used cottonseed oil and soda ash, she sells them retail to a clientele of mostly local women.
With this loan, she hopes to earn a monthly income of 275 000 XOF, which will be used mainly to grow her business capital, contribute to family expenses, and pay the interest on her loan.

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Translated from French by Kiva volunteer Tamara Kislak



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