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Sailesh
Shailesh is 41 years old and lives with his mother. He is a rice farmer by family tradition. He started farming on his own in 2010. He started with an area of one hectare with the support of Seva MFI, and he has now expanded the total area to ten hectares. He has always repaid his Seva MFI loans fully and on time. Shailesh wants to save for a tractor to improve his production. He applied for a loan of 9,000 SRD 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
  • 7
    View loans »
    Suriname Loans Fundraising
  • $565,750
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Sailesh to purchase fertilizers and pesticides.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 6, 2013
Listed
Nov 9, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2014