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.
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.
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