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Yakubu
Yakubu is a 40 year old husband and father of seven who works on his small maize farm in Katsinawa Naakune village. Yakubu appreciates the training and education he has received from Babban Gona and wants to apply it to his farm in order to increase his profits and turn his farm into a business that can support his entire family. By receiving a Babban Gona loan, Yakubu 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. A Babban Gona loan will provide Yakubu with the fertilizers and seeds he needs to produce a better yield from his maize farm; technologies to eliminate toxins from his maize and the means to store his crops as well as the ability to sell them at a premium market price.

Like any good father, Yakubu’s main priority is how to best improve the lives of his children and he wants to use the profits from his farm to help support the futures of his three oldest, Tabitha, Salome and Yosia, who want to study medicine, business and acting. Yakubu’s ultimate goal is to fully mechanize his farm so as to alleviate the burden of manual farming on his family to allow his children to focus solely on their education and to follow their dreams.

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
  • 3
    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 $600 helped Yakubu to buy fertilizers, seeds, and agricultural technologies to increase maize yields.
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