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Rajindra
Rajindra is 50 years old and has a family that includes three children. Besides cultivating rice, he raises cows and sheep for resale. He started in 2008 with the support of Seva MFI to cultivate rice on 7 hectares of land. Because he lacks investment capital, he used to lease his land out to third parties. Meanwhile, with the support of Seva MFI, he was able to expand his cultivated land to 12 hectares. With the profits from the last years, he bought a second-hand tractor, built his house and married off one of his children. He is asking for a new loan of SRD 10.000 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.

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About Suriname

  • $7,640
    Average annual income
  • 0
    View loans »
    Suriname Loans Fundraising
  • $506,700
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,050 helped Rajindra to purchase fertilizers and pesticides.
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