Download debian iso
http://cdimage.debian.org/cdimage/release/current/mipsel/iso-cd/debian-9.1.0-mipsel-netinst.iso
Download initrd & vmlinux
Create a new hard disk
$ qemu-img create -f qcow2 hda.qcow 10G
Install debian
$ qemu-system-mipsel -cdrom debian-9.1.0-mipsel-netinst.iso \
-hda hda.qcow \
-M malta \
-kernel vmlinux-4.9.0-3-4kc-malta \
-boot d \
-initrd initrd.gz \
-m 512 \
-nographic \
-append "root=/dev/sda1 nokaslr"
Allow for the installation to complete. When done copy over the vmlinux-4.9.0-3-4kc-malta
file from the Debian VM to the host machine.
Boot from hda
$ qemu-system-mipsel -hda hda.qcow \
-M malta \
-kernel vmlinux-4.9.0-3-4kc-malta \
-initrd initrd.gz \
-m 512 \
-nographic \
-append "root=/dev/sda1 nokaslr"
Note: vmlinux-4.9.0-3-4kc-malta
is the file copied from the VM in the previous step and NOT the original one downloaded from ftp.debian.org.
References