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Radjinder
Radjinder is 47 years old.He lives together with his wife and three children.

For his living he grows rice on an area of 7 hectares. He owns a tractor. Radjinder has a good reputation in Seva MFI. He is a dedicated farmer and always repays his loans on time.

With the profits from past seasons and a new loan from Seva MFI of SRD 11,000, he wants to buy a second-hand pickup truck. He needs the pickup truck for his farm and can assist other farmers as well. This will provide him an extra income to take better care of his family and pay for the education of his children.

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

  • $16,700
    Average annual income
  • 0
    View loans »
    Suriname Loans Fundraising
  • $606,800
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $3,375 helped Radjinder to buy a second-hand pickup truck.
50% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 4, 2014
Listed
Aug 7, 2014
Currency Exchange Loss:
Possible