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Sina Cheick
Mr. Sina Cheick is 38 years old and married, and he has no children. He lives in a traditional family with other households in the Missira district of Ségou (4th administrative region of the Republic of Mali). Having dropped out of school early, he started off in the commerce of secondhand clothing along side his cousin. He works alone operating in the same business. He has been in this business for six years and enjoys much experience and fame. His selling power is due to the quality of his merchandise. He makes his sales in cash to a customer base composed mostly of young people.

Concerned about satisfying customer demand, especially during the hot time of year, which is starting, he is requesting this loan to purchase light-weight clothing suitable for hot weather. He has been associated with the microfinance institution Soro Yiriwaso for twelve months after properly repaying an initial individual loan. He is now on his second individual loan, which he intends to use to purchase 5 bales of used clothing. He gets his supplies in Bamako.

Mr. Sina Cheick most often accepts cash in his sales to a customer base composed exclusively of youngsters. With this loan, he envisions making a monthly profit of 100,000 francs CFA. This will enable him to cover family expenses and to increase his working capital. His ambition is to build a house.
View original language description ↓
Monsieur Sina Cheick est âgée de 38 ans, marié sans enfant. Il vit dans une famille traditionnelle avec d’autres ménages au quartier Missira de Ségou (quatrième région administrative de la république du Mali).
Ayant abandonné très tôt l’école, il commença à faire le commerce de friperie auprès de son cousin. Il évolue seul pour mener la même activité, il fait cette activité depuis 6 ans et jouit d’une grande expérience et notoriété. Sa force de vente est due à la qualité de sa marchandise. Il vend au comptant à une clientèle composée majoritairement de jeunes.
Dans le souci de satisfaire sa demande clientèle surtout pour la période chaude qui s’annonce, il sollicite ce prêt pour acheter des habits légers propice pour la période chaude. Il est en relation avec Soro Yiriwaso depuis 12 mois après 1er prêt individuel correctement remboursé. Il est à son 2ème prêt individuel qu’il compte utiliser pour acheter 5 balles de friperies, il s’approvisionne à Bamako.
Monsieur Sina Cheick vend le plus souvent au comptant à une clientèle exclusivement juvénile. Avec ce prêt il envisage de réaliser un bénéfice mensuel 100 000 FCFA, ce dernier lui permet de prendre en charge les dépenses familiales et d’augmenter son fonds de commerce.
Son ambition est de construire une maison.

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
  • 9
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 502.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Sina Cheick to purchase bales of used clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013