Saade is excited to be a member of Babban Gona as she now has better tools and instruments to work her land. By receiving a Babban Gona loan, Saade has the opportunity to reap yields three times as high as the national average and earn at least three times as much as the average Nigerian farmer. As a Babban Gona member, she understands the importance of using the right inputs to obtain better yields from her farm and appreciates the fact that she now has a means to access them. A Babban Gona loan will provide her with seeds, fertilizers and technologies to increase the productivity of her land and treat her maize so that it is toxin-free. In addition, a Babban Gona loan will allow Saade the means to store her crops as well as the ability to sell them at a premium market price. The larger profits from a better harvest will enable Saade to send more of her children to school. She looks forward to the day when she is earning enough money to be able afford for all of her children to receive an education.
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.
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