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Ramnath
Ramnath is 50 years old and has a family with two children. The whole family is involved in the family business. Ramnath plants rice together with his son. His wife, Prenita, standing next to him in the photo, sells food in their small shop together with their daughter. Ramnath has bought, with the support of Seva MFI, some land and a tractor. This loan he repaid fully. He now wants to buy a gutter plough for SRD 4,950. He asks Seva MFI again to help him in financing this.

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

  • $7,640
    Average annual income
  • 5
    View loans »
    Suriname Loans Fundraising
  • $555,100
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,525 helped Ramnath to buy a gutter plough.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 7, 2013
Listed
Nov 21, 2013
Currency Exchange Loss:
Possible
Ended:
May 29, 2014