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Ritesh
Ritesh is 30 years old and lives with his wife, child and his parents. Ritesh works for the government as bus control and cultivates rice for extra income. He has been busy with rice cultivation for 10 years and is doing business with Seva MFI. Ritesh wants to save for a plot where he can build his own house. Previously, Ritesh got a loan from Seva MFI to buy a clutter plough, which he has prematurely repaid. He now wants to overhaul his tractor and approached Seva MFI again for funding. With a tractor that is in good condition, he can earn more and save for his house.

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.

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
Paying Back

This loan has been fully funded!

A loan of $1,850 helped Ritesh to overhaul his tractor.
25% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 14, 2014
Listed
Jun 14, 2014
Currency Exchange Loss:
Possible