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Soenil is 41 years old and lives with his wife and two children. His oldest child will start next year studying at the university. Almost a year ago, he started rice cultivation by renting a plot of a relative. Without Seva MFI, it was impossible for Soenil to start with the rice cultivation, because he had no money to invest. Soenil saves the profits of his rice cultivation for the studies of his children. He also wants to have his own piece of land where he can plant rice and take care of his family. Soenil needs a loan of SRD 10,000 for the purchase of fertilizers and pesticides for his rice cultivation.

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

  • $16,700
    Average annual income
  • 0
    View loans »
    Suriname Loans Fundraising
  • $762,550
    Funds lent in using Kiva
  • 3.3
    Suriname Dollars (SRD) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,050 helped Soenil to purchase fertilizers and pesticides for his rice cultivation.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
May 24, 2014
Apr 28, 2014
Currency Exchange Loss:
Nov 21, 2014