A loan of $300 helped to buy oil and caustic soda.


Adjata's story

Mrs. Adjata is 55 years old, married and the mother of four. She lives with her husband and their children in a large traditional extended family in Fama, in the center of the city of Sikasso, (the third administrative region of the Republic of Mali).

After having tried many types of work unsuccessfully, Mrs. Adjata took up the business of making traditional soaps (black soaps) more than four years ago, a skill she learned from a neighbor. She conducts her business at her home in Sikasso where she is much in demand by her customers for the quality of her products.

In order to meet the growing demand of her customers, she decided to join the microfinance institution Soro Yiriwaso more than two years ago. She is on her fifth individual loan, the earlier loans having been properly repaid.

With her loan she plans to buy 10 barrels of cotton oil and five sacks of caustic soda. After making the soap from the oil and the caustic soda, she sells them at retail to a clientele of mostly women in her area, and to other vendors.

With this loan, she foresees earning a monthly profit of 75,000 FCFA which will mostly be used to increase her working capital, contribute to family expenses, and pay the interest on her loan.

Translated from French by Kiva volunteer Shannon Arnold



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Loan details