A loan of $800 helped to buy leftover cottonseed oil and sodium hydroxide.


Yaya's story

Yaya is a 24-year-old single man who lives in a traditional family in the city of Sikasso (third administrative region of the Republic of Mali. After many unsuccessful business venture, Yaya began making traditional soaps (black soaps), which he learned from his mother and has been doing for about six years. He conducts business at home where he has many customers who appreciate the quality of his products. In order to meet the needs of his ever increasing customer base, he decided to join the microfinance institution Soro Yiriwaso about six months ago. He is on his first individual loan which he plans on using to buy 5 barrels of leftover cottonseed oil, 5 sacks of sodium hydroxide, and two carts of firewood. After making soaps out of cottonseed oil and sodium hydroxide, he sells them retail to a customer base mainly comprised of women from his area. With this loan he hopes to make a monthly profit of 140,000 FCFA which will be used to increase the size of his business, pay his family's expenses, and pay the interest on the loan.

Translated from French by Kiva volunteer Manuel Carreiro



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