Siaka Traore

About Zidisha Profiles Zidisha entrepreneurs write their own loan profiles and provide their own photos. English is not usually their first language, and many had to overcome great obstacles to obtain an education. Additionally, many do not have cameras and own only a small number of personal photos. As a result, the profiles are not always as polished as on other websites. To keep profiles genuine, Zidisha staff do not make any edits, with the exception of titles for clarity and English translations.

My Story

I have two wives, four children, and two nephews. I also took in two orphans, a boy and a girl. I live in TAKALEDOUGOU, a village located 15km from Banfora and 75km from Bobo Dioulasso. I like agriculture and raising cattle. I completed elementary school in Takaledougou and then Middle and High School in Banfora. I have a High School degree. I studied English with TARGET INTERNATIONAL LANGUAGE. I received training to be a language tutor with the USA Peace Corps.

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About My Business

I produce and process manioc (Garri and Attieke). I cultivate manioc, process it, and use the residue to raise cattle such as pigs, goats, and sheep. I am currently producing very little so as to provide for the population and SNSOSUCO workers. Because of the quality of my product, I am considering large scale production to supply certain areas of Burkina and also Mali thanks to loyal customers of Dédougou. This project will help all manioc producers as well as cattle farmers. It will contribute to creating employment for some people from the village and will help fight against poverty and starvation. This center will also allow training producers and manioc processors. It will be profitable because the raw material is provided and processed by itself. The residue is also used for cattle-raising. The only difficulty is the mortality of the cattle. The required sum is 1.750.000fcfa for the purchase of an engine to mash the manioc, a press, and two sifters.
The unit’s revenue is estimated to a minimum of 150.000fcfa a month without taking into consideration the sale of the cattle and their waste.

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My Loan Proposal

The loan will be used to buy equipment for the processing of the manioc of both Garri and Attieke types. An engine to mash the manioc will be needed, and a press of average capacity that will also serve to press the paste resulting from the grinding. Finally a large sifter to sift the paste after having pressed it will be needed. This equipment is not really modern. Its purchase will be made in Ghana, the neighboring country, a few kilometers away from Banfora. The equipment will allow effective and massive production.

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Feedback

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Date By Feedback Rating Comment Edit
Aug 21, 2013 vamPierchen Positive Full repayment in time
Feb 18, 2013 Jorgetmorais Positive Good luck to you!
Feb 13, 2013 bdavidn Positive Ahead of schedule
Feb 08, 2013 Elisabeth Positive I'm happy to see your business is doing all right. Repayement ahead of schedule ! all the best for the next step, I'm with you again!
Jan 31, 2013 Flobe Positive Excellent!
Jan 31, 2013 Oxfall Positive Good work!
Jan 30, 2013 Rdcmole Positive Thanks for re-paying so quickly. I would be happy to lend again.
Jan 24, 2013 SueB1 Positive Great borrower, great business!
Jan 24, 2013 Blond56 Positive All good!
Jan 21, 2013 torelizer Positive Great! Paid all ahead of schedule, great job Mr. Traore!


Comments

 

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Siaka Traore   Apr 04, 2014

“Oh God gives long life and prosperity to all ZIDISHA lenders”

Dear ZIDISHA’s lenders
Thank a lot for this third loan. I’m so happy to thank all my lenders. I’m asking God to give to everybody his best whish. I cannot forget ZIDISHA and the first American girl who introduce me in ZIDISHA. My business is going on and I’m so glad to receive this loan whish can permit me to get one place for my attieke work.
I started to build my cassava compound and I notice that people are surprise to see my evolution. Some come to ask me where I found the money for the job and I never stop to explain them something about Zidisha.
Oh good people who help the poor man to become rich, I’m coming to inform you that which help of the loan I put water in the place that I’m building for my business. In the pass we were taking water in the well but today by your grace I put the water in my small factory.
Yours sincerely SIAKA in BURKINA.

Hello, have you heard from Amadou Ouattara? Has he become ill or been injured in some way?

Samuel Shehi   Feb 26, 2014

Hi, Siaka. Am a VM in Kenya how is your business doing with the zidisha loan? Am on my third loan

Siaka Traore   Dec 03, 2013

Hi! All zidisha.
In the middle of this night, I was thinking to my project and I found that it is better to me to get another project which can be create by my cassava transformation; because it better to have some benefices by the grace of this job. The first idea that I got is to build one compound for my small factory because it is a big problem for me to put away animals all the day when we are working cassava. Pig, cows, cheeps and donkeys like very well cassava. I will not make a big compound because of money. I want first to make free houses; the first will be for cassava collection, and cassava ground place, the second will be a kitchen and the last will be use to put attieke in sachet. And in from of all, I want to build one big shed. All will be surrounding by some wire fence. It is better to me to make this because some person decides to visit my factory and they find that it is in my house. Many of them ask me to get one place for only my cassava transformation.
For the creation of some job by the grace of my cassava transformation, I found that I can use my cassava residues to make local fertilizer during the raining season and at the dry season; I can use my residues to make animal food. One group of person not more than four can make the job according to the moment of the year. I noticed that cassava need local fertilizer to produce very well. If I get the opportunity to realize these jobs added to my transformation, I shall be happy cause nothing will not be lose; all will be transform.
Bye and see you later. God help everybody in his activities.

Siaka Traore   Sep 12, 2013

Dear’s zidisha members
I can’t stop to thank you night and day. I’m so well with all of my family. As the name of your institution, I’m growing up day by day. The moto taxi makes my job to be very easy for me to transport cassava from the farm to my small factory and also to sell the attieke from the factory to my different customers in beregadougou, tarfila, bounouna, banfora and toussiana .Most of news customers are calling me in many area in Burkina.
I received two person last Thursday 29th of one project in Burkina because they hear that I’m making good attieke; and they want to know me better and hear from my mouth how I’m producing it and who is my helper? I tell them that I’m working with ZIDISHA. They were surprise to listen this name. I was too happy to give them information about ZIDISHA and tell them that I’m a volunteer of zidisha. In this cage I thank the family who introduce me in zidisha by the grace of their daughter who is the first Peace Corps volunteer in Takaledougou.
Dears ZIDISHA lenders! I’m thanking all people who give me money for my business and I’m asking them to don’t worry about the repayment. If I’m in good health with all of my family, to pay the loan is a small thing for me. My best wish today is to see one zidisha lender in my village only to know me better and know my small factory.
Yours for ever SIAKA in TAKALEDOUGOU

Hi all,
I recently had the great pleasure of visiting Siaka in his village Takaledougou. He was nice enough to put me up for the night in one of the local huts. He really is a fantastically nice and welcoming person, not to mention all the fantastic things that he continues to do as a volunteer mentor.

Siaka began showing off some of the items he has purchased with his Zidisha loans. With the first he acquired equipment to process manioc into attieke, a local dish. With the second, he purchased the 'taximoto' seen in his pictures below. His intentions were originally to use it to collect manioc and sell attieke in town. As it turns out, the 'taximoto' is in high demand and he frequently lends it out, for a fee, to other villagers.

Recently Siaka has expanded his manioc fields to ensure a year-round supply of manioc. He currently has 4 different types growing as he tries to find out which gives the greatest yield.

I asked why he didn't want to just focus on processing manioc, and I found his answer quite insightful. As he puts it, cultural forces at play mean that Siaka's main risk was losing his suppliers once he started to show a bit of success. He identified this early and began planting his fields.

A number of months later his predictions held true and suppliers began giving preference to foreign buyers. Without his foresight, Siaka would have surely seen his financial situation deteriorate. You must admire his use of experience and vertical integration in managing his business operations.

In terms of impact, the most obvious is effect is the literally gigantic (by local standards) newly built house in the picture below. Siaka is insistent that without the two loans he never would have had the income to build it.

Looking forward, Siaka tells me he is planning to go back to school to finish his education. From then on it really is hard to tell how far this man's talents will take him.

Siaka Traore   Jun 24, 2013

How good and pleasant for me to give you this message! i'm feeling well with all of my family and my business is going so well. Everyday i say thank you ZIDIZHA and again thank you all lenders of ZIDISHA. Today I don't know what kind of words I can use to thank you. Thank you so much for your loan!

I want to tell you now that my life is changing. My attieke (local yuca based food) project has started to earn and I'm too busy now with my moto-taxi (small ute / truck). My program with the moto-taxi was to transport yuca and to sell my production but today everywhere in my area people need the moto-taxi to transport mangoes, corn, peanuts and people for weddings and different ceremonies in the next village. Sometimes I use it to transport people to town. The profitability of this vehicle is very, very, very, very good. This is why I don't know how to thank all may lenders. God bless you and grant you all your wishes. Thank you again for this loan and see you next time!
I'm too glad to receive Mr James Hastwell (Zidisha Client Relationship Intern) because his presence gives me much information about Zidisha and it is also an occasion for me to learn how to help other people in my village to apply for a Zidisha loan.

I'm glad this loan is helping you between harvest and planting. Here in Japan we have beautiful cherry blossoms.

Siaka Traore   Apr 02, 2013

Hello all zidisha members! i'm so happy to received my second loan with you. How good and pleasant to me to get this money? i thank you night and day.I and my familly was very happy with this loan. i was facing to one problem with the money. This money was small in from of what i deced to do.But i find solution . I bought a new moto taxi which can help me to give my production to my customers. I stopped my attieke production because my kassava is finish and i hope i will start a new production in jun. But with the new engin i started to bringt fertiliser in my differents farm. i hope i will make a good production of kassava and attieke next year. thank you again for the loan.i will sent you some picture of the engin next time.

Hooray for Les Etalons! I hope your business is doing just as well.

Hi, my name is Mien. I am the first Client Relationship Intern for Zidisha in Burkina Faso and I traveled to Takalédougou last weekend. Takalédougou is a tiny village 15 km away from ‘civilization’ as in ‘a place with running water and electricity’ and it is the place where a remarkable Burkinabe entrepreneur has his home and farm. Siaka Traore is also a very charming person and he switched fluently from French to English while he welcomed me and explained everything about his greatest passion: manioc growing and everything related to it.

Because Burkina’s sugar factory Sosuco is monopolizing the land in Takalédougou and surroundings my visit started with a ride on the back of Siaka’s motorbike to his manioc fields 8 km away. At the bottom of an impressive rock wall Siaka owns now almost 2,5 hectares land. He divided the land in several parts and on each part he grows manioc in a different stage. On the field with the youngest plants he mixed the manioc with watermelon in order to get the most out of the energy in the soil. This phased approach is not only a guarantee for a permanent harvest, but it is also gives certainty to the workers on the fields. Siaka needs them all year round.
For now Siaka transports the harvest to his home with an ox cart but that is very slow. A future loan with Zidisha will certainly be used for buying a motorised vehicle!

Later that afternoon Siaka showed me the equipment he bought with the money of his first Zidisha loan. He uses it to grind, sift and press the manioc into a substance called ‘attièke’. Attièke is very popular and nutritious and people prepare it with lots of salt, raw onions, spices, oil and dried fish.
In the past the women were working day and night to grind as much manioc as possible but still most of the harvest had to be sold ungrinded and thus at a cheaper price. With the new equipment Siaka is able to grind all of his own harvest and even the smaller harvests of women in the village. This means that he is controlling now the full cycle of growing, grinding and selling manioc and moreover he can use the rest fraction for enriching the food of his oxes and the pigs and chickens he is planning to buy soon.
He invested the small leftover of his Zidisha loan in a solar panel, which allows him to work in the fields all day and to have a little light in the evenings to use the grinding machine. His solar panel is well known now in the village because lots of people come and use it to charge their mobile phones at a low price.

Siaka’s project is a beautiful example of efficiency and vision and these characteristics allowed him to really make the best out of the loan he received. He is so grateful for the chances he got and he asked me many times to thank Zidisha and all individual lenders. He is now very confidently looking into the future and he hopes he can continue to walk along this road for a very long time. He dreams of providing jobs to more people, of arranging contracts with neighbouring schools for a steady supply of attièke, of traveling to Ghana and who knows the United States to practice his English…

We closed a rewarding afternoon with a delicious meal of attièke and bananas. I wish I could have shared it will all of you. Please stay tuned. To be continued for sure!

I am impressed with your business plan Siaka. We wish you much success in your work.

Siaka Traore   Jul 12, 2012

Hello, I am giving this message to thank everybody who gave me the opportunity morally and financially to realize my project. God bless evryone! I am also asking you to pray to God for me that the work goes well and the trust remains between us. I'm so glad to receive the loan. I don't want to forget also all of the volunteers of Peace Corps who give us this information concerning the loan. I'm missing the words to thank everybody, but God only will thank you for your kindness.

Siaka Traore   Oct 02, 2012

Hello Zidisha. I was too happy to receive MIEN last time in my village. It was good and pleasant for me to see the client relationship of your institution in my village. It was very interesting to see MIEN near to me because of the different informations that she gave me about Zidisha;and many advices about my project.
It is too important for me to receive advices when I'm making project. thanks you for this visit and don't forget us.

Siaka Traore   Nov 30, 2012

Hello ZIDISHA. I'm so fine here in my village. So nice to talk to you my news about my projet. Every thing is going so well. I receved MIEN in my home and it is very interesting to see her for this second time.
I want to inform you that my activites are going very well. My differents materiels of ATTIEKE are fine too. I startet to receved many customers. day and night people call me. Some need for ATTIEKE , some also come to ground kassava another come to charge their phones batterie .people need so much to me now. my house is now like a small market.I'm sure that i can repay my loan before the date of repayment.
thanks you all person who give me money.

Siaka Traore   Dec 14, 2012

Dears ZIDISHA members
I'm so glad to give you this message. I start by greeting. I thank all members of zidisha. I give also my greeting to the person who give the name zidisha to you. I say it because when MIEN was in my village, she gave us the meaning of the word ``zidisha''. Your action show us the meaning of the name of your institution. Thank you for thinking to all person who have small project but cannot realize it.
I want to tell you that my project is going very well. It is now a small problem to me because many customers come and I'm oblige to make a program for them. I have also a problem to transport my (attieke) and my cassava. For the cassava it is not a problem because I use cows ;but for the Attieke it is not easy because some customers are far from me.
i'm happy today. I produce so much and I have many person who take all of my production. I'm sure that without any problem i can pay the loan easily. I want also at the beginning of the new year to give job to two women in my village. I start with two and i'm sure that next year in July i shall call 3 persons again.
Let me tell you that I'm becoming popular. In my area, everywhere I pass people say :this is the man who make attieke.
Thanks you again because the project help me to pay all the scholarship of my pupils. Now I'm free. The only problem for me is to pay the rest of the loan. Be sure that it will be very easy and quickly.
bye!

Siaka Traore

Banfora, Burkina Faso

100% Repaid

About Siaka Traore


On-Time Repayments: The On-Time Repayment Rate is the percentage of all monthly or weekly loan repayment installments that this member has paid on time (within ten days of the due date), for all loans that he or she has taken since joining Zidisha. The number displayed in parentheses is the total number of monthly or weekly installments that have been due, over which the On-Time Repayment Rate is measured.

93% (14)
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Feedback Rating: The Feedback Rating is based on performance ratings assigned to the borrower’s previous loans by Zidisha lenders. The Feedback Rating score is the percentage of all performance ratings that are positive, and the number displayed in parentheses is the total number of performance ratings the borrower has earned.

100% Positive (13)

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About This Loan

Loan Principal Disbursed: USD 963.09
Date Disbursed: Jul 17, 2012
Repayment Period: Number of months or weeks from disbursement until loan is fully repaid 12 months
Total Interest Due to Lenders: This is the annual interest rate proposed by the borrower. Lenders may bid to finance the loan at the borrower’s proposed interest rate, or at a lower rate if they desire. If more bids are received than the amount needed to fund the loan, the borrower will accept the bids with the lowest proposed interest rates.

All interest rates displayed on the Zidisha website are expressed as flat percentages of loan principal per year the loan is held. For example, for a loan of USD 100, taken at 4% annual interest with a repayment period of six months, the total interest amount will be USD 100 * 4% * (6 months / 12 months) = $2.

The expression of interest rates as flat percentages of loan principal amounts is intended to make calculation of interest amounts more intuitive for borrowers and for lenders, and to facilitate comparison with other microfinance loans in borrowers' communities, the majority of which also use the flat rate methodology to express interest rates.
USD 5.65 (0.56%)
Borrower Transaction Fees: A transaction fee paid to Zidisha, expressed as a total amount and as a flat annualized percentage of the loan principal amount. USD 50.83 (5.00%)
Total Amount (Including Interest and Transaction Fee) to be Repaid: Interest plus transaction fees, expressed as a total amount and as a flat annualized percentage of the loan principal amount. USD 56.49 (5.56%)

Funding

Lender Name Amount (USD) Interest
Jorgetmorais
(30)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
12.500.00 %
Honey
(173)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
10.000.00 %
Anonymous
(6,321)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
367.800.00 %
Delph007
(588)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
25.000.50 %
Flobe
(196)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
25.000.75 %
sworthington
(81)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
67.890.75 %
joerg
(154)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
11.150.89 %
Oxfall
(234)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
135.001.00 %
Rdcmole
(433)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
25.001.00 %
SueB1
(335)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
64.401.00 %
Walter
(135)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
30.741.00 %
vamPierchen
(714)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
22.611.00 %
SarahJoy
(42)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
6.001.00 %
Blond56
(253)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
10.001.00 %
torelizer
(853)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
50.001.00 %
bdavidn
(46)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
30.001.00 %
Elisabeth
(14)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
20.001.00 %
jeffb
(465)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
50.001.00 %

Repayment schedule


Repayments due as of Apr 23, 2014:  USD 0
Total repaid as of Apr 23, 2014:  USD 1,020
Date Due Amount Due Date Paid Paid Amount The Paid Amounts displayed here are the local currency amounts received, converted to US Dollars at the exchange rate that was effective at the time the loan was disbursed. The amounts credited to individual lenders are converted to US Dollars at the exchange rate that was effective at the time each repayment was received, and due to exchange rate fluctuations they may be more or less than the amounts displayed here.
Aug 17, 201284.97Sep 03, 201284.97
Sep 17, 201284.97Sep 03, 20120.02
  Sep 16, 201284.95
Oct 17, 201284.97Sep 16, 20120.03
  Oct 16, 201284.93
Nov 17, 201284.97Oct 16, 20120.05
  Nov 17, 201284.92
Dec 17, 201284.97Nov 17, 201284.97
Jan 17, 201384.97Nov 17, 20120.08
  Dec 16, 201284.89
Feb 17, 201384.97Dec 16, 201284.97
Mar 17, 201384.97Dec 16, 201284.97
Apr 17, 201384.97Dec 16, 20120.12
  Jan 17, 201384.85
May 17, 201384.97Jan 17, 201384.97
Jun 17, 201384.97Jan 17, 201384.97
Jul 17, 201384.97Jan 17, 201385.14
Total Amount Due1,019.57Total Paid Amount1,019.75