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Malick
Mr. Malick is 36 years old and lives with his two children and his wife in the sub-prefecture of Ouelessebougou, Koulikoro region.

Malick never had the opportunity to attend school. Very early on he took an interest in revenue-generating activities, in particular the trading of flashlights, light bulbs and other various items. He learned this trade from his maternal uncle who was previously a successful trader of various items.

With the intent of meeting the needs of his growing customer base, he decided to partner with Soro Yiriwaso. This is his first individual loan, which he will use to purchase various items such as: flashlights, light bulbs, wire, and flashlight lenses from wholesalers in Bamako. He will resell them in Ouelessebougou and the surrounding villages to a mix of customers who buy on credit or cash.

Malick hopes to make an average monthly profit of 45,000 Francs CFA that will be used to repay his loan and the balance being reinvested back in his business.
View original language description ↓
Monsieur MALICK est âgé de 36 ans et vit avec ses deux enfants et son épouse dans la sous préfecture de Ouelessebougou, Région de Koulikoro.
MALICK n’a pas eu la chance d’aller à l’école. Très tôt il s’intéressa aux activités génératrices de revenus notamment à l’achat vente de torches, ampoules et autre article divers. Il a appris cette activité auprès de son oncle maternel, qui fut jadis un grand commerçant d’article divers.
Dans le souci de satisfaire sa clientèle en nette croissance, il décide de collaborer avec Soro Yiriwaso. Il est à son premier prêt individuel qui servira à acheter divers articles : torches, pile, ampoules, cordes et vitre pour torches, auprès des grossistes de BAMAKO qu’il revend en détail à Ouelessebougou et villages environnants à crédit et au comptant à une clientèle mixte.
MALICK espère réaliser un bénéfice moyen mensuel de 45.000. FCFA qui sera utilisé pour rembourser le prêt et être réinvestir le reste dans les activités.

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

  • $1,100
    Average annual income
  • 26
    View loans »
    Mali Loans Fundraising
  • $11,465,250
    Funds lent in using Kiva
  • 523.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD