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Mahinder
Mahinder is 57 years old and has a family that includes four children. He inherited 12 hectares for rice cultivation from his parents on which he plants together with his sons. For additional income, he recently purchased a pickup truck and works with that at a lumberyard. Mahinder is a good borrower. He received eight loans from Seva MFI and repaid those fully. With his profits, he bought a second pickup truck for one of his sons. Mahinder's and his family’s goal is to save for the wedding of their children. Therefore, he needs a new loan of SRD 12,000 to expand his rice production.

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

  • $16,700
    Average annual income
  • 0
    View loans »
    Suriname Loans Fundraising
  • $604,975
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,675 helped Mahinder 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 9, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014