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Ravi
Ravi is 43 years old and has a family that includes three school-aged children. He does rice cultivation while his wife has a small shop outside his house where she sells food and beverages.

Ravi has been a client of Seva MFI since 2008 and has already received nine small loans. He repaid those on time. This enabled him to pay for the tuition of his children and even buy a second hand pickup truck, which he needs for his rice production. He needs a new loan of SRD 9.000 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.

About Suriname

  • $7,640
    Average annual income
  • 7
    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 $2,750 helped Ravi 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 15, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014