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Malik
Born around 1973 in Dioro, Malik is married and a father of 4 children. He lives with his family in Sanoubougou I, one of the popular neighborhoods in the town of Sikasso (3rd administrative region of the Republic of Mali). Malik has been buying and selling ready-wear clothing for about 14 years. He has a shop at the Sanoubougou I bus terminal.

Given the increase in customers, thanks to the quality of his clothing, Malik decided to collaborate with the micro-finance institution Soro Yiriwaso. With this 5th loan, he expects to buy 20 different shirts, 25 pairs of trousers of various quality, 20 assorted pairs of shoes (dress shoes, Ferardine shoes, etc), 5 suits, 20 t-shirts, and 15 sets of underwear. He procures his goods in Bamako in order to resell them in his shop situated in the middle of the Sikasso bus terminal to a customer base made up largely of travelers and freight operators.

With this loan, he expects to earn an average monthly profit of 200,000 francs CFA, which will allow him to increase his business while equally honoring his commitments to Soro Yiriwaso and covering other family expenses.
View original language description ↓
Né vers 1973 à Dioro, Monsieur Malik est marié et père de quatre enfants.Il habite avec sa famille à Sanoubougou I un des quartiers populaires de la ville de Sikasso (troisième région administrative de la république du mali) .
Monsieur Malik exerce les activités d’achat et de vente de Prêt à Porter depuis environ 14 ans et il dispose d’une boutique à la gare routière de Sanoubougou I.
Vu l’augmentation de sa clientèle pour la qualité de ses articles, il décida de collaborer avec l’institution de microfinance Soro Yiriwaso.
Avec ce cinquième prêt il compte acheter, 20 chemises différentes, 25 pantalons de qualité différentes, 20 paires de chaussure différentes (Soulier, Ferardine, etc.), 5 complets de veste, 20 Tee-Shirt et 15 complets de sous-vêtement.
Il s’approvisionne à Bamako afin de les revendre dans sa boutique située en pleine cœur de la gare routière de Sikasso avec une clientèle composée essentiellement de voyageurs et transporteurs.
Il envisage réaliser avec ce prêt un bénéfice mensuel moyen de 200 000 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
  • 152
    View loans »
    Mali Loans Fundraising
  • $11,246,625
    Funds lent in using Kiva
  • 506.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Malik to buy clothing.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 3, 2012
Listed
Oct 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013