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Rawin

Update on Rawin

Rawin is so glad that Kiva lenders helped him with his rice cultivation.

He repaid his loan on time and with the profits he could expand his rice production. He wants to save for his own house.

Rawin wants more help for his rice cultivation so he can have his own house. He needs SRD 12,000 to buy fertilizers and pesticides.

Previous Loan Details

Mr. Rawin is 30-years-old and lives with his parents. He is recently married. Rawin works together with his father in their fields. In 2009, he has taken a loan from Seva MFI and bought a truck to work on his own and for other farmers. He repaid this loan on time and now he wants to do rice culti... More from Rawin's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

Tags

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
Expired
A loan of $3,675 helped Rawin to purchase fertilizers and pesticides for his rice cultivation.
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 24, 2014
Listed
May 29, 2014
Currency Exchange Loss:
Possible
Expired:
Jun 28, 2014
This photo was used before for a previous loan for Rawin. It was first posted on Kiva on Oct, 2013. Learn More