Contributing Monkie G Monkie
Published on February 1, 2009
We are going to start posting the loans G Living and G Living Members are giving to people around the world. We hope by including you, our readers in the experience, will encourage and maybe inspire to join in. If you do, let us know and we will post your loan details here.
G Living Kiva Loan: $25
Ms. Salimata TRAORE, age 40, resides with her husband and their children (three boys and one girl) in a large traditional family in Fama (third administrative region of the Republic of Mali). After having done many kinds of work unsuccessfully, she got started making traditional soap (black soaps) five years ago from a neighbor who taught her. Ms. TRAORE works in her home in Sikasso, where she is in high demand because of the quality of her products.
To satisfy her burgeoning customer base, she decided to join the micro-finance institution Soro Yiriwaso a year ago. She is on her second individual loan. The preceding one was correctly repaid. She plans to use this loan to buy 6 barrels of waste cotton oil (black paste) and 3 sacks of caustic soda. After making the soap from the waste cotton oil and caustic soda, she resells it retail to customers composed generally of women in her town.
With this loan, she envisions realizing a monthly profit of 100,000 francs CFA that will be used essentially to help with family expenses, to pay the loan interest, and to invest the rest in her business.
Name: Salimata TRAORE
Location: Sikasso, Mali
Primary Activity: Health
Loan Requested: $525.00
Repayment Term: 5 months – details
Loan Use: To make soap to sell
Date Posted: Feb 1, 2009
Disbursal Date: Dec 30, 2008
Kiva’s mission is to connect people through lending for the sake of alleviating poverty. Start giving your own micro loans at kiva.org