Update on DharmradjDharmradj is very thankful to Kiva lenders for helping him with his rice cultivation.
He has repaid his loan fully and on time to Kiva lenders. With the profits that resulted from this loan, Dharmradj hoped he could save enough money for his new tractor. However, he was not able to save enough money!
Dharmradj would like additional help from Kiva lenders and Seva MFI so he can save enough to buy a tractor. He requests another loan of SRD 10,000 to purchase fertilizers and pesticides for his rice production business.
Previous Loan DetailsDharmradj is 38 years old and has a family with two young children. He plants crops in his own land and has an old tractor. Rice cultivation is the only source of income for the family. In 2011, he received his first loan from Seva MFI. Since then, he has received five more loans and he has repai... More from Dharmradj's previous loan »
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 FoundationStichting 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.
Concurrent and Successive Loans
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- At end of term
- May 24, 2014
- May 30, 2014
- Currency Exchange Loss:
- Nov 22, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.