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Malik
Mr. Malik was born in Nioro. He is married and has four children. He lives iwht hsi family in Sanoubougou, a working-class neighborhood in the ciyt of Skiasso, the third administrative region of Mali. He as been buying and selling ready-to-wear clothng for about four years. He has a shop at the Sanoubougou I bus station. GIven the growth of his customer base due to the quality of his merchandise and the fact that his own resources are insufficient to meet demand, five years ago he thought it useful to turn to the Soro Yiriwaso mirofinance institution. After six individual loans duly reimbursed, he is now requesting his seventh loan. This loan will allow him to buy 15 miscellaneous shirts, 20 trousers of various quality grades, 20 pairs of various shoes (Soulier, Ferardine), five sets of jackets,, 20 T-shirts, 10 sets of underwear. He stock up in Bamako and then resells his articles in his store located right in the middle of the bus station, to a mixed clientele, for cash and on credit. With this 7th individual loan, he anticipates earning an average monthly revenue of 115,000 West African francs, which will allow him to bolser his working capital, pay off the ineres ton his loan and cover some additional family expenses.
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Monsieur MALIK est né à NIORO, marié et père de quatre enfants résidant avec sa famille à SANOUBOUGOU I un des quartiers populaires de la ville de Sikasso troisième region administrative de la république du mali.
Monsieur MALIK exerce des activités d’achat et de vente des habits de Prêt à Porter depuis environ quatre ans .Il dispose une boutique à la gare routière de SANOUBOUGOU I. Vu l’augmentation de sa clientèle pour la qualité de ses articles et que ses ressources propres ne pouvant satisfaire les attentes de cette clientèle, il jugea utile de venir auprès de l’institution de microfinance Soro Yiriwaso il y a maintenant cinq ans après six prêt individuel correctement remboursés, ainsi il sollicite un septième prêt individuel.
Avec ce septième prêt lui permettra d’acheter 15 chemises différentes, 20 pantalons de qualité différentes, 20 paires de chaussure différentes (Soulier, Ferardine), 5 complets de veste, 20 Tee-Shirt, 10 complets de sous-vêtement.
Il s’approvisionne à Bamako afin de les revendre en détail dans sa boutique située en pleine cœur de la gare routière de Sikasso avec une clientèle composée d’homme et de femme au comptant et à crédit.
Il envisage réaliser avec ce septième prêt individuel un bénéfice mensuel moyen de 115 000 FCFA qui permettra d’augmenter son fonds de commerce, payer son prêt et son intérêt , à 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.

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About Mali

  • $1,100
    Average annual income
  • 30
    View loans »
    Mali Loans Fundraising
  • $11,463,475
    Funds lent in using Kiva
  • 474.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD