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Karim
Mr. Karim S., 24, is single and lives in Hamdallaye, one of the working-class neighborhoods of the town of Sikasso (third administrative region of the Republic of Mali).



Mr. S. tried out several businesses without success. He then decided to get into selling various items in a little shop in front of his house. He has had this little shop (selling cigarettes, bonbons, matches, chewing gum, powdered milk, tea, sugar, soap, etc.) for three years now. He is much in demand by his clientele because of the good quality of his merchandise.



In order to satisfy his ever-growing clientele, he decided to join the micro-finance institution Soro Yiriwaso three months ago, and he is on his first individual loan. With this first loan he intends to buy 2 cartons of cigarettes, 2 cases of tea, 1 sack of sugar, 3 cartons of soap, 5 packs of bonbons, 10 packs of chewing gum, 20 packs of matches, 10 sacks of rice, etc.



He does his buying from wholesalers and sells retail. Mr. S. sells for cash or on credit to a clientele composed of young people and neighbors. With this loan he expects to make a monthly profit of 100,000 F CFA which will be used essentially to increase his working capital, contribute to supporting his family back in the village, and paying the interest on the loan.

View original language description ↓
Monsieur Karim S. est un célibataire de 24 ans, il réside à Hamdallaye, un des quartiers populaires de ville de Sikasso ( troisième région administrative de la république du Mali).
Monsieur S. a mené plusieurs activités sans succès. Il décida alors de s’initier au commerce d’articles divers dans une boutique devant sa maison d’habitation. Il mène cette activité d’achat et de vente des articles divers (Cigarette, bonbon, allumette, Cheew Gum, lait en poudre, Thé, sucre, savon, etc) il y a maintenant trois (03) ans. Il est beaucoup sollicité par sa clienèle pour la qualité de ses produits.
Pour satisfaire sa clientèle de plus en plus croissante, il décida de rejoindre l’institution de microfinance Soro Yiriwaso depuis maintenant trois (03) mois avec qui il est à son premier prêt individuel.
Avec ce premier prêt, il compte acheter 2 cartouches de Cigarettes , 2 carton du thé, 1 sac du sucre, 3 cartons de savon, 5 paquets de bonbon, 10 paquet de Cheew Gum, 20 paquets d’allumette, 10 sacs de riz, etc.
Il sapprovisionne auprès de commerçants grossistes de la place avant de les revendre.Monsieur S. vend ses marchandises au comptant ou à crédit à une clientèle composée de jeunes et de voisins.
Il envisage réaliser avec ce prêt un bénéfice mensuel de 100 000 FCFA qui sera utilisé essentiellement pour augmenter son fonds de commerce, contribuer aux dépenses familiales au niveau de son village et payer les intérêts de son prêt.

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
  • 8
    View loans »
    Mali Loans Fundraising
  • $10,386,300
    Funds lent in using Kiva
  • 506.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Karim purchase of various articles for re-sale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2009
Listed
Mar 2, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009