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Narinder
Narinder is a single man of 44 years, and has a son and a daughter. He has lost his father at an early age. He is not educated, and has been doing rice cultivation since the age of 15.

Narinder wants to give his children a proper education so that they can have a good future. Rice cultivation is his only source of income. He took several loans from Seva MFI and repaid them fully on time. Narinder applied for a new loan of SRD 10,000 to purchase fertilizers and pesticides.

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.

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About Suriname

  • $7,640
    Average annual income
  • 3
    View loans »
    Suriname Loans Fundraising
  • $601,475
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,075 helped Narinder to purchase fertilizers and pesticides.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 22, 2013
Listed
Oct 30, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014