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Inderjiet
Inderjiet is fifty-four years old and lives with his wife and two sons. He also has four other children who are already married. Inderjiet works as a field worker in a banana company. His income was not enough to pay for his children's marriage expenses, so he also started cultivating rice. After his retirement, Inderjiet wants to leave behind a stable business for his sons. As a field worker in a banana company, he had no choice but to work with Seva MFI. Inderjiet wants to borrow SRD 6,000 from Seva MFI to buy a grader. With the grader he will be able to equalize his land on time, in order to increase his rice production and income.

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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

  • $16,700
    Average annual income
  • 0
    View loans »
    Suriname Loans Fundraising
  • $604,975
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD