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Krishne
Krishne is 42 years old and has a family with three school-aged children. The family of Krishne depends on the income from rice cultivation. Krishne was formerly financing his input through his paddy buyer who was charging high interest rates and offered low prices. Since the arrival of Seva MFI he is not dependent on his buyer and he can save more money through his rice production. He repaid his previous loan fully. With the profits of last season Krishne bought a second-hand tractor. He has applied for a new loan of SRD 7000 to purchase pesticides and fertilizers.

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
  • 5
    View loans »
    Suriname Loans Fundraising
  • $601,500
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Krishne to purchase pesticides and fertilizers.
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:
May 24, 2014