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Malik
Mr. Malik M'Bô, 37 years old, married and the father of four, lives with his family in Sanoubougou I-Sikasso (the third administrative district in the Republic of Mali).

He has been practicing the purchase and sale of ready-to-wear clothing for about fourteen years, after having led several businesses without success. Given the growth of his customer base and the fact that his own resources cannot satisfy the demand from his customers, he believed it would be useful to join the microfinance institution Soro Yiriwaso in order to seek a second individual loan, having properly repaid the first without difficulty.

This second loan will allow Mr. M'Bô to buy 15 assorted shirts, 17 pairs of pants of various quality, 15 assorted pairs of shoes (dress shoes, Ferardine shoes, etc.), 5 suits, 10 t-shirts, 5 sets of underwear, etc.

Mr. M'Bô purchases his stock in Bamako in order to re-sell it in his shop located at the very center of the bus station in Sikasso, to a customer base made up largely of travelers and freight operators.

Mr. M'Bô hopes to make a monthly profit of 140,000 CFA francs, which will allow him to expand his business, but also to honor his responsibilities to Soro Yiriwaso and to cover other family expenses.
View original language description ↓
Monsieur Malik M’BÔ âgé de 37 ans marié et père de quatre enfants habitant avec sa famille à Sanoubougou I-Sikasso (troisième région administrative de la république du mali) .
Il exerce l’activité d’achat et vente de Prêt à Porter depuis environ quatorze ans après avoir mené plusieurs activités sans succès. Vu l’augmentation de sa clientèle et que ses ressources propres ne pouvant satisfaire les attentes de cette clientèle, il jugea utile de venir auprès de l’institution de microfinance Soro Yiriwaso pour lui solliciter un deuxième prêt individuel, après avoir remboursé sans difficulté le premier.
Ce deuxième lui permettra d’acheter 15 chemises différentes, 17 pantalons de qualité différentes, 15 paires de chaussure différentes (Soulier, Ferardine, etc.), 5 complets de veste, 10 Tee-Shirt, 5 complets de sous-vêtement, etc.
Il s’approvisionne à Bamako afin de les revendre dans sa boutique située en pleine cœur de la gare routière de Sikasso à une clientèle composée essentiellement des voyageurs et transporteurs.
Il envisage réaliser un bénéfice mensuel moyen de 140 000 FCFA qui permettra d’augmenter son fonds de commerce mais également d’honorer ses engagements à l’égard de Soro Yiriwaso et couvrir d’autres dépenses familles.

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

About Mali

  • $1,200
    Average annual income
  • 32
    View loans »
    Mali Loans Fundraising
  • $10,400,425
    Funds lent in using Kiva
  • 497.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Malik buying clothing.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 1, 2010
Listed
Dec 15, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011