Funded

Total loan: $2,300
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Raj

Suriname
Nickerie, Suriname / Agriculture

A loan of $2,300 helped to purchase fertilizers and pesticides for his rice cultivation.


Raj's story

Mr. Raj is 52-years-old and lives with his mother. He is a rice farmer from an early age and he has inherited agricultural land from his parents. With the support of families from the Netherlands, he bought his tractor. Mr. Raj was previously financing his input by rice millers, who normally charge high interest rates and offer low prices. Since 2008, Seva MFI has financed his inputs, which resulted in more income and savings. With the savings, he has renovated his house and revamped his tractor. He asks for a new loan of SRD 7,500 to expand his rice production.



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: October 14, 2013
Facilitated by Field Partner: Stichting SEVA Microfinance Institute

Lenders and lending teams



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: October 14, 2013
Facilitated by Field Partner: Stichting SEVA Microfinance Institute