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Krishna
Krishna is 53 years old and lives with his wife. He has been in rice cultivation for many years, while his wife breeds ducks and chicken. Krishna was the first client from the start of Seva MFI and during 2006 he was qualified for his first loan. All the loans borrowed from Seva MFI have been fully repaid. With the profits from previous years, he has bought a 2nd hand tractor, renovated his house and gotten his children married. He now wants to save for his old age. Krishna needs a new loan of SRD 10.000 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

  • $16,700
    Average annual income
  • 0
    View loans »
    Suriname Loans Fundraising
  • $606,800
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,075 helped Krishna topurchase 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:
Jul 17, 2014