Funded

Total loan: $1,025
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Malik

Mali
Sikasso, Mali / Clothing Sales

A loan of $1,025 helped buying clothing.


Malik's story

Mr. Malik M'Bô, 37 years old, married and the father of four, lives with his family in Sanoubougou I-Sikasso (the third administrative district in the Republic of Mali).

He has been practicing the purchase and sale of ready-to-wear clothing for about fourteen years, after having led several businesses without success. Given the growth of his customer base and the fact that his own resources cannot satisfy the demand from his customers, he believed it would be useful to join the microfinance institution Soro Yiriwaso in order to seek a second individual loan, having properly repaid the first without difficulty.

This second loan will allow Mr. M'Bô to buy 15 assorted shirts, 17 pairs of pants of various quality, 15 assorted pairs of shoes (dress shoes, Ferardine shoes, etc.), 5 suits, 10 t-shirts, 5 sets of underwear, etc.

Mr. M'Bô purchases his stock in Bamako in order to re-sell it in his shop located at the very center of the bus station in Sikasso, to a customer base made up largely of travelers and freight operators.

Mr. M'Bô hopes to make a monthly profit of 140,000 CFA francs, which will allow him to expand his business, but also to honor his responsibilities to Soro Yiriwaso and to cover other family expenses.

Translator profile picture

Translated from French by Kiva volunteer Jessalyn Pinneo



Loan details

Loan length:

11 months
Repayment schedule: Irregularly
Disbursed date: December 1, 2010
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children

Lenders and lending teams



Loan details

Loan length:

11 months
Repayment schedule: Irregularly
Disbursed date: December 1, 2010
Facilitated by Field Partner: Soro Yiriwaso, a partner of Save the Children