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Roepchand
Roepchand is 58 years old, married, and has two adult children. He worked a few years ago as a migrant laborer for a farm in French Guyana that currently is closed. He lives in his own house and has no job in Suriname.

Roepchand requested a loan from Seva MFI for 8,000 SRD, which he use to purchase fertilizers. He wants to start planting rice on leased land. Roepchand's goal is to have his own plots for planting rice.

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
  • 2
    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 $2,450 helped Roepchand to purchase fertilizers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
May 24, 2014
Listed
Mar 8, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014