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Lachmipersad
Lachmipersad is 44 years old. He grows rice and vegetables. He has a second-hand tractor that he inherited from his father. In 2008 he started producing rice seed with a loan from Seva MFI. He became a well-known farmer and seed supplier for a good number of rice producers who are clients of Seva MFI. Through the sale of seed he has renovated his house and is saving to buy a new tractor. He asks for a new loan of 10,000 SRD to purchase inputs for seed 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
  • 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 $3,075 helped Lachmipersad to purchase fertilizers and pesticides.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 4, 2013
Listed
Oct 15, 2013
Currency Exchange Loss:
Possible
Ended:
May 24, 2014