Check out some available loans that are similar to this one!
Dauda
Dauda is a happily married 29 year old maize farmer from Katsinawa Nakunne village in Kaduna State. As Dauda grows his family, he is excited about the opportunity that Babban Gona gives him to triple his yield and profit compared to the average farmer. As a hard working family man, Dauda plans to use his Babban Gona loan to access necessary inputs, such as fertilizer and improved seeds,that will increase the productivity and profitability of his farm so that he can provide for his family of three, achieve better health for his children and improve his family’s standard of living. In addition, this loan will give him the capacity to store his maize and have it marketed in premium markets at a premium price, increasing his profitability. Dauda hopes to eventually diversify his farm business by also raising livestock along with his maize farm.

Additional Information

More information about this loan

This loan is aimed at helping smallholder farmers. The farmers are divided into Trust Groups and deliver training and development services, inputs like seeds on credit and post-harvest marketing services. This Kiva loan will thus be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. This system increases farmers’ yields up to 4 times the national average. In addition, Babban Gona markets its farmers’ produce to premium markets over the course of the year, ensuring that they receive the best price possible for their produce and have a steady flow of income year round. Kiva loans are used to help Babban Gona expand its services to more rural areas in Northern Nigeria. Babban Gona posts loans before the inputs are provided so there is a chance that farmers will change their input package after the loan is posted. As a result, the loan amount may slightly change after you fund the loan, and any difference will be repaid to you when the first loan repayment is made. By supporting this loan, you’re providing farmers with the opportunity to increase their yields.

About Nigeria

  • $6,100
    Average annual income
  • 1
    View loans »
    Nigeria Loans Fundraising
  • $5,954,175
    Funds lent in using Kiva
  • 157.7
    Nigeria Nairas (NGN) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Dauda to buy fertilizers, seeds and and agricultural technologies that increase maize yields and subsequently profit.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
May 1, 2013
Listed
Mar 11, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 21, 2014