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Karim
Karim was born around 1984 in Sanankoro I, which is a sub-prefecture of Mali’s third-largest administrative region. He lives with his wife and two children in a traditional family.

Karim quickly became interested in income-generating activities, notably buying and selling cattle. He sells his cattle in Niena and Tengrela. He now has four years of experience in this area, and he is working with Soro Yiriwaso to increase his working capital so that he can meet the demands of his ever-growing customer base. This is his first loan with the field partner.

Karim plans to use his loan to buy four head of cattle. He buys his cattle from breeders in Sanankoro I and the surrounding area. He makes his sales on a cash basis.

Karim hopes to earn a monthly profit of 120,000 XOF, which he will use to meet the needs of his family, pay back the loan and reinvest in his business.
View original language description ↓
Né vers 1984 A SANANKORO I (une sous-préfecture de la 3ème Région administrative du Mali), KARIM y réside avec sa femme et ses 2 enfants dans une famille traditionnelle.
Mr KARIM s’est vite intéressé aux activités génératrices de revenus notamment à l’achat et vente de bœufs, sa vente se fait à NIENA et à TENGRELA.
Fort de ses 4 années d’expériences dans le domaine, il collabore avec Soro Yiriwaso pour augmenter son fonds de commerce afin de satisfaire sa clientèle qui ne cesse de grandir et est à son premier prêt.
Mr KARIM compte utiliser son prêt pour acheter des bœufs (4têtes). Il s’approvisionne à SANANKORO I et environs chez les éleveurs .II effectue ses ventes au comptant.
Mr KARIM espère réaliser un bénéfice mensuel de 120.000FCFA 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.

About Mali

  • $1,200
    Average annual income
  • 41
    View loans »
    Mali Loans Fundraising
  • $10,780,200
    Funds lent in using Kiva
  • 483.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Karim to buy four head of cattle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 18, 2013
Listed
Jan 17, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2014