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Sunil
Sunil is 31-years-old and lives with his wife and parents. He works at the hospital as a porter. Sunil’s father cultivated rice before and is now pensioned off, so Sunil took over his business with the support of Seva MFI and now he has an extra income. If Seva MFI had not supported him he would have had to rent his father’s fields. Sunil started with rice cultivation on a plot of 2 hectares and in the coming season he plans to sow 10 hectares. For this, he needs SRD 7,000 to buy fertilizers and pesticides. In the future, Sunil wants to expand his areas so that he can make more profits and save for his future.

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
  • 3
    View loans »
    Suriname Loans Fundraising
  • $601,475
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Sunil to buy fertilizers and pesticides.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
May 24, 2014
Listed
Apr 3, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014