He is a rice grower, and he also has a truck for additional income.
Ramond has a good track record with Seva MFI; the loans he received from Seva MFI were all repaid on time. The loans enabled him to accumulate substantial savings that he used to buy his truck and to expand his rice areas.
On the increased rice area, he now needs extra inputs for production. He has therefore applied for a loan of SRD 8,000.
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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