A loan of $400 helped to buy raw materials to make traditional soap.

Mariatou's story

Mariatou is 38 years old, married and the mother of 6 children living with her husband in a nuclear family in Hamdallaye Extension, in the town of Sikasso.

After having managed many businesses without success, Mariatou started making traditional soap 7 years ago now. She manages her business in her marital home in Sikasso where she is in much demand by her clientèle because of the quality of her products. To satisfy her clientèle which is growing more and more, she decided to join the microfinance institution Soro Yiriwaso more than a year ago and has already benefited from a first loan which was correctly reimbursed. She is on her second loan which will allow her to increase her working capital in order to buy the raw materials necessary for making traditional soap and then better respond to the expectations of her clientèle.

With this new loan she plans to buy 5 cans of cotton oil, 5 cans of waste from cotton oil (called black paste), 2 bags of caustic soda, 2 packages of perfumes and 2 cartloads of firewood. She buys her raw materials locally and in Bobo Dioulasso (republic of Burkina Faso) and sells her products retail, for cash and credit to a clientèle generally made up of women from her village.

With this loan she envisions making a monthly profit of 95,000 FCFA which will be used to strengthen her business, contribute to the family expenses and pay the interest on her loan.

Translated from French by Kiva volunteer S Mason

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