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Malik
Mr Malik is 37 years old, married and a father of four. He lives with his family in Sanoubougou I - Sikasso (third administrative region of the Republic of Mali).
He has been excelling in the ready-to-wear business for 14 years, this after unsuccessfully trying out several businesses. Given the increase in his clientele and the insufficiency of his personal resources to satisfy his customers' expectations, he assessed that joining micro-finance organization Soro Yiriwaso would be useful, and requested a first individual loan, which was repaid timely. Similarly, he is requesting this second loan to purchase 15 different shirts, 17 pairs of trousers of various qualities, 15 different pairs of shoes (brands such as Soulier, Ferardine, etc.), five suits, ten tee-shirts, five sets of underwear, etc.
He gets his supplies from Bamako to retail in his shop located at the heart of the bus station in Sikasso, with a clientele mostly comprising travelers and carriers.
With this loan, he is planning on an average monthly profit of 140,000 FCFA, which will allow him to increase his working capital, and also to honor his commitment to Soro Yiriwaso and pay for other family expenses.
View original language description ↓
Monsieur Malik âgé de 37 ans marié et père de quatre enfants, il habite avec sa famille à Sanoubougou I- Sikasso (troisième région administrative de la république du Mali) .
Il excelle dans l’activité de Prêt à Porter depuis 14 ans, et cela 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 premier prêt individuel, qui fut correctement remboursé. Ainsi il demande ce deuxième prêt pour 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 pour venir revendre dans sa boutique sise en plein cœur de la gare routière de Sikasso avec une clientèle composée essentiellement des voyageurs et transporteurs.
Il envisage réaliser avec ce crédit 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
  • 38
    View loans »
    Mali Loans Fundraising
  • $10,780,200
    Funds lent in using Kiva
  • 456.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Malik to buy clothing and shoes.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 2, 2011
Listed
Sep 4, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012