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Karim
Not being able to go on with his studies, Karim early applied himself to earning a living, specifically working in metal construction. With 11 years of experience in this field, he is sought after and appreciated in Bougouni and the nearby region. He is on his second loan, having duly repaid the first loan.

He plans to use the loan to buy 10 iron bars, 10 black steel sheets and five packs of rods from wholesalers in Bougouni in order to manufacture carts. He sells retail, for cash and on credit, out of his workshop, to a customer base composed of both men and women.

Karim plans to earn an average monthly income of 95,000 West African francs, which will be use to provide for some family expenses and to improve his business further.
View original language description ↓
Karim est un homme marié né en 1974 à Soumako qui est père de 5 enfants et qui vit dans une famille polygame (avec ses 2 épouses) dans le quartier Dougounina de Bougouni.
N’ayant pas pu progresser dans les études très tôt Karim s’interessa aux activités génératrices de revenu notamment à la construction métallique. Avec une expérience de plus de 11 ans, dans cette activité, il est très sollicité et apprécié à Bougouni et environs. Il est à son deuxième prêt, après avoir correctement remboursé le précédent.
Il compte acheter avec son prêt, 10 barres de fer, 10 feuilles de tôle noire et 5 paquets de baguettes auprès des grossistes de Bougouni pour la fabrication de charrettes. Il effectue ses ventes, au comptant en détail et à crédit, dans son atelier à une clientèle composée d’hommes et de femmes.
Karim envisage réaliser un bénéfice mensuel de 95.000 FCFA, qui sera utilisé pour assure certaines dépenses de la famille et améliorer d’avantage son entreprise.

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
  • 56
    View loans »
    Mali Loans Fundraising
  • $10,440,150
    Funds lent in using Kiva
  • 490.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Karim to buy materials needed to manufacture carts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 17, 2013
Listed
Jan 18, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014