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Radjendre
Radjendre is 57 years old and lives with his wife and a school-going child. His three elder children already left home and are well settled.

Radjendre works as a watchman at night, and during the day, he works for rice farmers with his tractor, which he bought with a loan from Seva MFI. Recently he repaid this loan back to Seva. Now, he decided to cultivate rice as well. For that he needs a loan of 8,000 SRD [Surinam dollars] to purchase fertilizers and pesticides. He hopes to save enough to build his own house and live a decent life with his wife and child.

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.

Tags

About Suriname

  • $7,640
    Average annual income
  • 0
    View loans »
    Suriname Loans Fundraising
  • $504,875
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped Radjendre to purchase fertilizers and pesticides to cultivate rice.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 23, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014