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Gangaram is 48 years old and has a family with 4 children. Three of them go to school. Gangaram's main source of income is rice cultivation. During the off seasons he earns some extra income trough fishing and gardening. With the support of Seva MFI he has bought a tractor for his rice cultivation. His tractor needs two new main tires for which he applied for a loan of SRD 7100.

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
  • 14
    View loans »
    Suriname Loans Fundraising
  • $660,375
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Gangaram to pay for two main tires for his tractor.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Oct 24, 2013
Nov 11, 2013
Currency Exchange Loss:
Jul 17, 2015