A loan of $1,000 helped to buy clothing.

Malik's story

Born around 1973 in Dioro, Malik is married and a father of 4 children. He lives with his family in Sanoubougou I, one of the popular neighborhoods in the town of Sikasso (3rd administrative region of the Republic of Mali). Malik has been buying and selling ready-wear clothing for about 14 years. He has a shop at the Sanoubougou I bus terminal.

Given the increase in customers, thanks to the quality of his clothing, Malik decided to collaborate with the micro-finance institution Soro Yiriwaso. With this 5th loan, he expects to buy 20 different shirts, 25 pairs of trousers of various quality, 20 assorted pairs of shoes (dress shoes, Ferardine shoes, etc), 5 suits, 20 t-shirts, and 15 sets of underwear. He procures his goods in Bamako in order to resell them in his shop situated in the middle of the Sikasso bus terminal to a customer base made up largely of travelers and freight operators.

With this loan, he expects to earn an average monthly profit of 200,000 francs CFA, which will allow him to increase his business while equally honoring his commitments to Soro Yiriwaso and covering other family expenses.

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Translated from French by Kiva volunteer Lindsay Ferrara

Loan details

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Loan details