Check out other loans that are currently fundraising!
Rayan
Rayan is 24 years old and lives together with his parents and wife. He works as a field worker for a banana company. Since his marriage, his income has not been enough to provide for his family. In 2013, with support from Seva MFI, Rayan started planting rice on rental plots to increase his income.

Rayan is requesting a 12,000 SRD loan from Seva MFI to plant 20 hectares of rice, as he doesn’t have enough money. He will use his loan to buy fertilizer and pesticide. Rayan’s goal is to have his own tractor.

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
  • 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 $3,675 helped Rayan to buy fertilizer and pesticide.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
May 24, 2014
Listed
Apr 1, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 31, 2014