Dharmen is a rice grower. He inherited a second hand tractor from his father. In 2012, he qualified for a microloan to expand his rice cultivation, which he does on rental plots. He has repaid this loan fully and now he asks for a new loan of SRD 10,000 to purchase fertilizers and pesticides. His goal is to save for his own rice plots.
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 FoundationStichting 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.
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Success!! The loan was 100% repaid