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Heman
Heman is 41 years old and has a family including two school-aged children. He was previously working as a field worker for a banana company. In 2008, he started, with the support of Seva MFI, to cultivate rice and has repaid all his loans on time. Meanwhile, he does his rice cultivation on 12 acres of land and now has a tractor. He wants to renovate his house and save for his daughter who is going this school year at Paramaribo to study. He is asking for a new loan of SRD 12,000 to purchase fertilizers and pesticides.

Additional Information

More information about this loan


This loan is part of Seva's effort to reach marginalized rice farmers who are excluded from Suriname's traditional banking system. This type of loan is designed to help agricultural entrepreneurs become self sustainable. This is especially important in Suriname, where microfinance is limited. These loans provide farmers with the opportunity to thrive in a country where rural and agricultural businesses are considered to be too risky for commercial loans.

About Seva Network Foundation

Stichting Seva Micro Finance Institute (Seva MFI) is an international organization that promotes entrepreneurship among poor and marginalized communities in developing countries. Seva MFI offers loans that enable farmers to purchase pesticides, fertilizer, farming tools and equipment to expand their farm plots and boost their incomes. In 2012, Seva MFI has disbursed over 650 loans to farmers in Suriname.

Tags

About Suriname

  • $7,640
    Average annual income
  • 7
    View loans »
    Suriname Loans Fundraising
  • $571,075
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,675 helped Heman to purchase pesticides and fertilizers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 3, 2013
Listed
Oct 4, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014