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Awad
Mr. Awad is 46-years-old and works as a security guard at night. During the day he is a rice grower. He has an extended family with five children, two daughters-in-law and two grandchildren. They all live together in the parental house. With the support of Seva MFI, Mr. Awad started agriculture in 2011. With the profits of the last years, he has bought a second hand tractor and extended his home. His goal is to plant more rice areas to have more income and take better care of his family. He needs a new loan of SRD 12,000 to purchase inputs for the 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 $3,675 helped Awad to purchase diesel and seeds for his rice production.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 14, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible
Ended:
May 24, 2014