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Gen
Gen, 29 years old, lost his parents at a young age. As a school dropout, he started planting rice on the land of this family. With the help of relatives, he purchased a mini-excavator, which he rents out to his fellow rice farmers during the off season. This gives him extra income. In 2012, Gen got a loan from Seva MFI for the first time, which he fully repaid on schedule. He would like to increase his production from three hectares to six hectares with a new loan from Seva MFI. For this, he needs a loan of SRD 7,500.

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
  • 5
    View loans »
    Suriname Loans Fundraising
  • $555,100
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Gen to buy rice plots.
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:
Jun 17, 2014