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Parmanand
Parmanand is 47 years old, and he has a family with two school-aged children.

He is a dedicated rice farmer, but during off seasons he cultivates other agricultural produce, such as bananas and watermelons (for extra income). Together with his wife they are working and saving for their future and for the education of their children.

With the support of Seva MFI, Parmanand bought a pick-up truck to transport his harvested crops (and those of his colleague farmers) to the mills. Meanwhile Parmanand fully repaid that loan, as per plan.

He needs a new loan of SRD 10,000 to purchase fertilizer and pesticides for his 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.

Tags

About Suriname

  • $7,640
    Average annual income
  • 10
    View loans »
    Suriname Loans Fundraising
  • $571,075
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,075 helped Parmanand to purchase fertilizer and pesticides for his rice produduction.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 5, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014