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Karim
Born around 1979 in Nampasso/Kolondieba, Karim lives in Kadiana in the 3rd administrative region of Mali with his wife and four children in a nuclear family. Karim became quickly interested in income-generating activities, notably the purchase and resale of clothing. He is much sought-after in Kadiana, especially on market days. With 14 years of experience in this trade, Karim is collaborating with Soro Yiriwaso for the first time to increase his working capital so that he can better satisfy his constantly expanding customer base.

Karim intends to use this loan to buy shirts and pants for resale. He purchases from wholesalers in Bamako and conducts his sales in cash and sometimes on credit to customers at his local market. Karim hopes to make a monthly profit of 100,000 FCFA, which he will use to support his family, repay the loan and reinvest in his business.
View original language description ↓
Né vers 1979 à NAMPASSO C/ KOLONDIEBA, KARIM réside à KADIANA dans la (Sous-Préfecture de la 3ème Région administrative du Mali) avec ses 4 enfants et sa femme dans une famille nucléaire.
Mr KARIM s’est vite intéressé aux activités génératrices de revenus notamment à l’achat vente d’habits et prêts à porters. Il est très sollicité à Kadiana et surtout les jours de foire.
Fort de ses 14 années d’expériences dans le domaine, il collabore avec Soro Yiriwaso pour la première fois dans le but d’augmenter son fonds de commerce afin de satisfaire sa clientèle qui ne cesse de grandir.
KARIM compte utiliser son prêt pour acheter des complets de prêts à porters (chemises et pantalons). Il s’approvisionne chez les grossistes à Bamako. Il effectue ses ventes au comptant et quelques fois à crédit au marché à une clientèle mixte.
KARIM espère réaliser un bénéfice mensuel de 100.000FCFA qui sera utilisé pour subvenir aux besoins de la famille, rembourser le prêt et réinvestir 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.

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About Mali

  • $1,200
    Average annual income
  • 26
    View loans »
    Mali Loans Fundraising
  • $10,400,425
    Funds lent in using Kiva
  • 482.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Karim to purchase ready-to-wear clothing.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 28, 2013
Listed
Dec 17, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014